✉news BusinessEconomy first seen 15 h ago, last 1 h ago, peak #6
US federal debt exceeds size of the economy for first time since WWII
Original: Federal debt surpasses size of economy for first time since World War II
Federal debt in the United States has grown larger than the entire economy for the first time since World War II, according to reporting by The Washington Post. The milestone reflects years of rising deficits, including heavy spending during the coronavirus pandemic, and is prompting renewed debate in Washington over fiscal policy and long-term debt sustainability.
Why now: A historic fiscal milestone that reignites concerns about government borrowing and spending.
United StatesUS federal governmentThe Washington Post
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- Federal debt surpasses size of economy for first time since World War II · The Washington Post
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