(WASHINGTON TIMES) The federal government notched its sixth-highest monthly deficit in history in August and is not over the $1 trillion deficit mark for the third straight year, according to the Congressional Budget Office.

CBO, which releases estimates each month, said the government ran a $192 billion deficit last month. That’s the highest deficit ever for August, which is not traditionally a major month for running in the red.

That deep monthly deficit powered the government well past the $1 trillion mark for the fiscal year. With a month still to go, the government is already running $1.17 trillion in arrears.

 

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