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Federal Budget Deficit Could Hit $3.7 Trillion This Year

Name: Federal Budget Deficit Could Hit $3.7 Trillion This Year
Uploaded: 2020-04-25T12:00:35-07:00
Channel: NBC Palm Springs
Description: The economic fallout of the coronavirus pandemic could nearly quadruple the federal budget deficit this year, pushing it to a whopping $3.7 trillion, according to a projection released Friday by the Congressional Budget Office. Last year, with the economy still growing, the deficit surpassed $1 trillion for the first time since 2012 due in large part to Republican tax […]

By: NBC Palm Springs

April 25, 2020

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