White House

Russell Vought, director of the Office of Management and Budget, testifies before the House Budget Committee on the president's fiscal 2021 budget request in February. (Tom Williams/CQ Roll Call file photo)

White House

US deficit hit a record $3.1 trillion last year

Pandemic-induced recession, massive aid packages fuel biggest-ever budget deficit

By Paul M. Krawzak
Posted October 16, 2020 at 3:22pm