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Since March 2020, the federal government has enacted four pieces of legislation to assist businesses and individuals weather the economic downtown triggered by the COVID-19 outbreak. According to the Congressional Budget Office (CBO), these four pandemic-related laws are projected to increase the federal deficit by USD 2.2 trillion in fiscal year 2020 and by USD…
The Congressional Budget Office (CBO), the government’s bi-partisan budget researchers released its latest report and projections for the federal budget deficit. The deficit is back to the average percentage of GDP experienced since 1974. The bulge in spending and the drought of revenues caused by the financial crisis is behind us. The chart shows that…
