U.S. Budget Deficit Hits Record High The U.S. Treasury reports the federal budget deficit widened further in May, posting a $90 billion shortfall. For the fiscal year, the federal deficit is already more than $292 billion, higher than a previous record deficit of $290 billion in 1992. Hear NPR's Jack Speer.
NPR logo U.S. Budget Deficit Hits Record High

U.S. Budget Deficit Hits Record High

The U.S. Treasury reports the federal budget deficit widened further in May, posting a $90 billion shortfall. For the fiscal year, the federal deficit is already more than $292 billion, higher than a previous record deficit of $290 billion in 1992. Hear NPR's Jack Speer.