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mmayr

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mmayr

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Thursday, 02/18/2021 7:05:38 AM

Thursday, February 18, 2021 7:05:38 AM

Post# of 40611
The Number That Blows Up The World, “Everything Bubble” Edition

The federal budget deficit is projected to be $2.3 trillion in fiscal 2021, the Congressional Budget Office said.

That’s smaller than 2020 shortfall of $3.13 trillion but larger than anything the nation had seen prior to the Covid-19 pandemic.

Federal debt will swell to $35.3 trillion in 2031, it said, the largest debt-to-GDP ratio in U.S. history.

Source: https://www.cnbc.com/2021/02/11/deficit-projected-at-2point3-trillion-for-2021-not-counting-additional-stimulus-cbo-says.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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