Budget deficit sets May record of $189.7 billion; total for year close to $1 trillion

WASHINGTON — The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four months left in the budget year.

Government runs April deficit for first time since ‘83; tally so far this year $802.3 billion

WASHINGTON — The federal government ran a deficit in the month of April for the first time in 26 years, pushing the red ink so far this budget year to a record $802.3 billion.