RELATED: When does the extra $400 unemployment benefit start?Last month's deficit was sharply lower than June's $864 billion, in part because the government collected a record amount tax revenue in July — $563 billion — after extending the filing deadline to July 15.
That extension allowed Americans more time to sort through the economic havoc wrought by the pandemic.So far this budget year, government receipts total $2.82 trillion, off just 1% from the same period last year, Treasury officials said, crediting the “income replacement” provided by various government aid packages.