U.S. Budget Deficit Was $738 Billion For First 4 Fiscal Months of 2021

The federal budget deficit was $738 billion in the first four months of fiscal year 2021 (CBO)

The federal budget deficit was $738 billion in the first four months of fiscal year 2021, the Congressional Budget Office estimates—$348 billion more than the deficit recorded during the same period last year. Outlays were 23 percent higher and revenues were 1 percent higher from October through January than during the same perod in fiscal year 2020.