Federal Spending Tops $6 Trillion for First Time; Deficit Tops $3 Trillion for First Time

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US Treasury Secretary Steven Mnuchin prepares to testify on "The President's FY2020 Budget Proposal" before the House Ways and Means Committee on Capitol Hill in Washington, DC, on March 14, 2019. (Photo by Jim WATSON / AFP) (Photo credit should read JIM WATSON/AFP/Getty Images)

There is still another month left in fiscal 2020, which runs through the end of September.

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