The budget deficit for the first four months of fiscal 2020 is $389.2 billion, the Treasury Department reported.
That’s a 25% gain from the same period a year ago.
Over the past 12 months, the gap has been nearly $1.1 trillion as the national debt has swelled past $23 trillion.
The sea of red ink is getting deeper and deeper in Washington, with the federal government already racking up a budget deficit that is averaging close to $100 billion a month.
Treasury Department data released Wednesday show the shortfall at $389.2 billion in the first four months of fiscal 2020. That’s a 25% gain over the same period last year and already about 40% of the total deficit for fiscal 2019.
