Coronavirus pushes annual deficit forecasts toward $4 trillion
over 5 years in Roll Call
Just a few months ago, fiscal hawks bemoaned the return of trillion-dollar deficits. What a difference a pandemic makes. Independent forecasters now expect this year’s budget deficit to nearly quadruple the pre-coronavirus estimate, reaching nearly $4 trillion. That amount of red ink in a single fiscal year would dwarf the deficit peak of $1.4 trillion […]
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