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Debt floods the U.S. economy as trillions surge from rescue programs
The United States has unleashed nearly 3 trillion dollars to shield the economy from the coronavirus shock. Deficits may reach 3.7 trillion this year as Congress funds four relief programs. Despite warnings, investors keep buying Treasurys, keeping yields low while inflation remains muted. Critics acknowledge the urgency but warn of long term tax rises and spending restraint.
MENTIONED IN THIS ARTICLE
Washington
U.S
Treasury
Donald Marron
The
Tax Policy Center
Num
Donald Trump
United States
Europe
U.S. Treasurys
Treasurys
Japan
Douglas Elmendorf
Harvard Kennedy School
Federal Reserve
Fed
Jerome Powell
Congress
Powell
Olivier Blanchard
International Monetary Fund
Mark Zandi
Moody's Analytics
Zandi
Richard Kogan
Center On Budget and Policy Priorities
Obama