Manhattan Institute for Policy Research: New Analysis Projects $4.2 Trillion Budget Deficit This Year
April 29, 2020
April 29, 2020
NEW YORK, April 29 -- The Manhattan Institute for Policy Research issued the following news release:
The federal budget was already on track for a historic $1 trillion deficit this year--and then the coronavirus arrived. A new analysis by Manhattan Institute senior fellow Brian Riedl projects that the budget deficit will exceed $4.2 trillion this year, or 19 percent of the economy--the largest share in American history outside of the peak of World War II and double the level during . . .
The federal budget was already on track for a historic $1 trillion deficit this year--and then the coronavirus arrived. A new analysis by Manhattan Institute senior fellow Brian Riedl projects that the budget deficit will exceed $4.2 trillion this year, or 19 percent of the economy--the largest share in American history outside of the peak of World War II and double the level during . . .