US: Budget Deficit To Hit Record USD 3.3 Trillion Due To Virus, Recession
Washington (AP) The federal budget deficit is projected to hit a record USD 3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than USD 2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means that federal debt will exceed annual gross domestic product next year a milestone that would put the US where it was in the aftermath of World War II, when accumulated debt exceeded the size of the economy..from Top India News- News18.com https://ift.tt/3hZVbDS
Asian equities were set to open higher on Thursday after stronger U.S. economic data and the prospect of additional U.S. stimulus prompted sharp, and broader, gains on Wall Street, while the dollar extended its upward move.
A person with knowledge of the situation says the Patriots intend to release receiver Mohamed Sanu, ending a disappointing tenure in New England that was marred by injuries.
Taylor Decker has his big new contract with the Detroit Lions. His goals extend well beyond that, though.
When the Seattle Seahawks spent a secondround pick in 2019 on Marquise Blair, their belief was that they had landed another hardhitting safety in the mold of Kam Chancellor.
Garrett Hampson and Sam Hilliard homered and newcomer Kevin Pillar delivered a key triple as the Colorado Rockies bounced back from a battering, rallying to beat the San Francisco Giants 96 Wednesday.
A Los Angeles judge has issued a temporary restraining order keeping the Portland Trail Blazers' Trevor Ariza away from his 12yearold son after the boy's mother alleged Ariza had physically abused him.
Panthers owner David Tepper expressed frustration with government officials over not allowing fans in the stadium for the teams Sept. 13 home opener against the Las Vegas Raiders.
A U.K. citizen has pleaded guilty in Florida to federal charges related to violating an embargo and attempting to smuggle industrial equipment to Iran.
