Federal Spending and Deficit Set Records Through June

Steven Mnuchin, U.S. Treasury secretary, speaks to members of the media outside the White House in Washington, D.C., U.S., on Monday, Dec. 3, 2018. Mnuchin said he's hopeful the temporary trade-war truce that President Donald Trump and China's Xi Jinping agreed to Saturday will lead to real changes in China's economic policies. Photographer: Andrew Harrer/Bloomberg

During the October-June period, the government spent a record $5,004,372,000,000 while it collected $2,260,069,000,000 in total taxes.

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