federal deficit

Federal deficit could hit $256 billion, PBO says in new report

Jun 18, 2020 | 8:32am

The parliamentary budget officer says in a new report that this year’s federal deficit could hit $256 billion due to the COVID-19 pandemic. The result, posted this morning, is the combination of an estimated total of $169 billion in federal spending on emergency aid and a historic drop in economic output. The budget office estimates […]