The US budget deficit has hit a record high of more than $ 3 trillion due to large government spending on relief aid to get out of the COVID-19 crisis.
The Treasury Department said the government spent more than $ 6 trillion in the first 11 months of this year, including $ 2 trillion on the COVID-19 program.
That figure is more than the $ 3 million it receives from taxes. (Budget deficit is the amount of money the state spends in excess of revenue)
The deficit is more than double the full-year record set in 2009. At the time, Washington was dealing with the 2008 financial crisis.
Prior to the epidemic, the United States was on track to maintain a deficit of more than $ 1 trillion this year, large enough to meet its historical standards.
But spending approved to try to address the financial impact caused by COVID-19 has hit the budget deficit.
The Congressional Budget Office this month estimated that the United States is likely to have a full annual deficit of $ 3.3 trillion, more than three times the previous year.
The agency said it expects total US debt to reach $ 26 trillion.