A steep economic downturn and massive coronavirus rescue spending will nearly quadruple the fiscal 2020 U.S. budget deficit to a record $3.8 trillion, a staggering 18.7% of U.S. economic output, a Washington-based watchdog group said on Monday.
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https://www.reuters.com/article/us-health-coronavirus-usa-budget/u-s-deficit-to-soar-to-record-3-8-trillion-in-2020-budget-watchdog-group-says-idUSKCN21V1TA
Read more at:
https://www.reuters.com/article/us-health-coronavirus-usa-budget/u-s-deficit-to-soar-to-record-3-8-trillion-in-2020-budget-watchdog-group-says-idUSKCN21V1TA
