On Monday, The US Treasury announced that it is projecting that it will need to borrow a record $3 trillion dollars for Q2 2020 with another $677 billion dollars in projected planned borrowing for Q3 2020. https://www.marketwatch.com/amp/story/guid/890A9CAA-8E32-11EA-BF80-ADEBCF1A58C2
The Wall Street Journal is projecting a $4.5 trillion dollar budget deficit for fiscal year 2020.
Cash-Strapped Governments See Revenue in $26 Trillion Online Industry https://www.bloomberg.com/amp/news/articles/2020-05-03/a-26-trillion-pot-of-digital-gold-eyed-by-cash-hungry-nations
Prior to the coronavirus outbreak, the US was “only” running budget deficits around $1 trillion dollars.
Track US government spending here: https://www.usgovernmentspending.com/ or here https://tradingeconomics.com/united-states/government-debt or https://usdebtclock.org/
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