The gap from October through June came in at around $1.4 trillion, according to the department The US federal government’s budget deficit widened sharply in the first nine months of the fiscal year to hit $1.39 trillion in June, the Treasury Department said on Thursday. The figure was up from $515.1 billion in the same period last year. The federal government operates under a fiscal year that begins October 1. According to the report, the budget gap widened by $227.76 billion in June, up from $88.8 billion in the same month last year. The Treasury data showed that a sharp increase in government spending and a sign
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