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Budget Deficit To Hit Record $3.3 Trillion

That number is more than triple last year's deficit.
Posted at 12:39 PM, Sep 03, 2020

The federal budget deficit is set to hit a new record.

The Congressional Budget Office forecasts a $3.3 trillion federal debt due to government economic programs to combat the coronavirus.

That number is more than triple last year's deficit, and it means the federal debt will outpace annual gross domestic product next year.