May Budget Deficit $40.5 Billion
- Share via
Associated Press
WASHINGTON — The federal government suffered a $40.5-billion budget deficit in May, the biggest monthly deficit total on record, the Treasury Department reported today. The deficit last month was 19.2% higher than the previous monthly record, a $33.9 billion imbalance in May, 1984.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
