Federal Debt to Exceed Size of U.S. Economy

“The federal government’s total debt is expected to exceed the size of the American economy this year, a figure that does not take into account President Biden’s proposed $1.9 trillion stimulus package,” the Washington Post reports.

“The CBO’s debt projections are sure to invigorate the ongoing debate over Biden’s stimulus proposal, as Republicans try to argue that the U.S. faces unsustainable debt burdens after spending more than $4 trillion in response to the virus.”