About: http://data.cimple.eu/news-article/50155cbb346b8ebf5baea2dfd1c47289e715024f84ed3f0d43a62ec8

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rdf:type	schema:NewsArticle
schema:articleBody	The US government posted a record deficit in the six months ended in March, a 130 percent surge reflecting the impact of pandemic stimulus spending, the Treasury Department said Monday. Spending spiked by just over $1 billion from October 2020 to March 2021 compared to the comparable period of the prior fiscal year, which concluded before the Covid-19 shutdowns took hold and before any major rescue packages were implemented. The fiscal year-to-date deficit at the end of March totaled $1.7 trillion, compared to $743 billion at the end of March 2020, according to the monthly Treasury report. "The effects of the pandemic, and the resulting decrease in employment, just started showing up at the very end of March" of last year, a Treasury official told reporters. As a result, "the year-to-date totals that were not significantly impacted at this point by the legislative and economic impact of the Covid-19 outbreak, whereas, this year, obviously were significantly impacted," the official said. For March alone, the deficit surged 454 percent to $541 billion, Treasury said. The US Congress last month approved President Joe Biden's $1.9 trillion rescue package that included $1,400 cash payments to most US families as well as extended unemployment benefits, much of which was disbursed last month. hs/sst
schema:headline	US posts record deficit through March on pandemic spending
schema:mentions	2009 flu pandemic Unemployment benefits United States Department of the Treasury 2019–20 coronavirus outbreak United States Congress Joe Biden President of the United States Coronavirus disease 2019 Emergency Economic Stabilization Act of 2008 Supersonic transport
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)

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