US Federal Government Budget Deficits Exploding Well Over $4 Trillion In 2020?

On Monday, The Treasury announced that it is projecting that it will need to borrow a record $3 trillion dollars for Q2 2020 with another $677 billion…

by Jason Burack of Wall St For Main St

On Monday, The US Treasury announced that it is projecting that it will need to borrow a record $3 trillion dollars for Q2 2020 with another $677 billion dollars in projected planned borrowing for Q3 2020.

The Wall Street Journal is projecting a $4.5 trillion dollar budget deficit for fiscal year 2020.

Prior to the coronavirus outbreak, the US was “only” running budget deficits around $1 trillion dollars.

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