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U.S. federal debt to exceed size of economy even before Biden stimulus is approved, CBO says

U.S. federal debt to exceed size of economy even before Biden stimulus is approved, CBO says

February 12, 2021

WASHINGTON - America's federal debt is set to exceed the size of the entire U.S. economy this year for only the second time since the end of World War II, a reflection of the extraordinary emergency measures approved by Congress in response to the coronavirus pandemic, the nonpartisan Congressional Budget Office said Thursday.

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