The U.S. budget deficit hit a record $3.1 trillion in the 2020 fiscal year, according to data released today by the Treasury Department.

The U.S. budget deficit hit a record $3.1 trillion in the 2020 fiscal year, according to data released today by the Treasury Department. https://t.co/CZX0kjOd8w

— Axios (@axios) October 16, 2020