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US posts record $3.1 trillion deficit in 2020 fiscal year

US posts record $3.1 trillion deficit in 2020 fiscal year

Three trillion deficit, largest ever by a margin
The thing is, $3.1 trillion hides just how large it is. Much of the PPP money isn’t accounted for until it’s forgiven and there’s other COVID money out there that’s not accounted for yet either. Then there is the coming stimulus package and whatever else comes.

Source: Forexlive RSS Breaking news feed
Date: October 17, 2020, 04:06