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It’s worse than we thought: Deficit is going to hit $343 Billion

The Federal debt load will hit $1.2 trillion in 2020-21, thanks to this year’s projected deficit of $343 Billion. In percentage of GDP...


Budget office says federal deficit could reach $252B this year, the highest on record

The federal deficit could soar to $252 billion this year from massive COVID-19-related relief spending and economic damage caused by the global pandemic,...