Where Will That $2 Trillion Come From Anyway?

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Apr 01, 2020

Where Will That $2 Trillion Come From Anyway?

Net Treasury issuance is set to surge in the coming weeks and months. At present, we look for the federal budget deficit to be $2.4 trillion in FY 2020 and $1.7 trillion in FY 2021. If realized, the FY 2020 federal budget deficit would be the biggest deficit as a share of the economy since World War II.

Net Treasury issuance is set to surge in the coming weeks and months.

  • At present, we look for the federal budget deficit to be $2.4 trillion in FY 2020 and  $1.7 trillion in FY 2021. If realized, the FY 2020 federal budget deficit would be the biggest deficit as a share of the economy since World War II.



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