WASHINGTON—U.S. debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, the result of a giant fiscal response to the coronavirus pandemic.
The Congressional Budget Office said Wednesday that federal debt held by the public is projected to reach or exceed 100% of U.S. gross domestic product, the broadest measure of U.S. economic output, in the fiscal year that begins on Oct. 1. That would put the U.S. in the company of a handful of nations with debt...
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September 03, 2020 at 04:18AM
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U.S. Debt Is Set to Exceed Size of the Economy Next Year, a First Since World War II - The Wall Street Journal
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