Pandemic Tests Limits of How Much Debt U.S. Can Bear

“The coronavirus pandemic is about to test the bounds of how much debt the U.S. government can bear,” the Wall Street Journal reports.

“Even before the crisis hit, the U.S. was on track to increase its budget deficit to nearly $1 trillion in the fiscal year that ends Sept. 30. It was already up to $625 billion in the five months since the current fiscal year began Oct. 1.”

“Now analysts say the deficit will soar well past the record $1.5 trillion hit in 2009, when the U.S. reeled through two years of financial crisis and recession.”