HUGE one day deficit jump – $166 Billion (with a “B”)

The US deficit jumped $165,931,038,264.30 on one day last week (June 30), making it the 3rd largest daily increase to the deficit in US History. According to Stephen Dinan:

The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.

According to Wikipedia, deficits are:

A budget deficit occurs when an entity spends more money than it takes in.