From RT.com…
The fiscal year’s $2.77 trillion deficit may be the second largest on record, but the Treasury Department claimed the decline from year to year as a sign of the economy recovering.
“Under President Biden’s leadership, the U.S. economy is getting back on track and Americans are getting back to work,”the joint report from the Treasury Department and Office of Management and Budget said.
For the fiscal year of 2020, which runs from October through September 30, the US posted an eye-watering deficit of $3.13 trillion, approximately $360 billion higher than 2021.