US deficit seen ballooning over $1 trillion this year

Because of the large deficits, CBO said the US debt will grow to 98 per cent of the size of the American economy by 2030 -- the highest share since 1946 -- and continue to rise "far higher than it has ever been" to 180 per cent of GDP by 2050.

from Moneycontrol World News https://ift.tt/37AIlXr