Former WH Economist: $1.9 trillion COVID bill could raise U.S. deficit to 25% of GDP
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House Speaker Nancy Pelosi on Capitol Hill.
(Photo by Justin Sullivan/Getty Images)
Joe Lavorgna, former White House Chief Economist for President Trump, says that the U.S. deficit is already at 15% of GDP as of last year - the highest since WWII - and could jump 10% this year with the $1.9 trillion COVID-19 relief bill that the Democrats are proposing.
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