FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said Tuesday, May 12, 2020 that the government racked up a shortfall of $737.9 billion…
May 12, 2020
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May 12, 2020 2:57 p.m.
US government sees record monthly deficit of $737.9 billion
The federal government piled up a record deficit in April, traditionally a month of big budget surpluses