The federal government set records for both the amount of money it spent and the deficit it ran in fiscal 2020, according to the Monthly Treasury Statement released today.

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The federal government spent a record $6,551,872,000,000 in fiscal 2020, which was an increase of $2,044,283,520,000—or 45.4 percent—from the previous record of $4,507,588,480,000 in constant September 2020 dollars that it spent last year.

Read more at CNS News.