May Budget Deficit $40.5 Billion
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.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
