Committee for a Responsible Federal Budget projects a $3.8 trillion budget deficit

The fiscal 2020 deficit that needs to be funded will be four times as large as last year’s at $3.8 trillion, or almost 19% of gross domestic product, according to the Committee for a Responsible Federal Budget, a non-partisan group. While few in Washington see a need to prioritize fiscal prudence right now, given the economic damage being done by the virus, the CRFB warns that an unsustainable situation is brewing and corrective actions will be needed one day.

~ "Larry Kudlow's War Bonds Are Coming But in a Plain Vanilla Rapper," Bloomberg, April 15, 2020