U.S. budget deficit shattered one-month record in June, as spending outpaced revenue by $864 billion

The U.S. budget deficit widened to a record-high $864 billion last month due to the federal government’s extraordinary response to the coronavirus pandemic, the Treasury Department said on Monday.  In June 2019, the budget deficit was just $8 billion. Federal spending rose to more than $1.1 trillion in June...