5 things to know before the stock market opens Thursday

4. Federal deficit to hit record $3.3 trillion due to coronavirus

Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing, Tuesday, Sept. 1, 2020, on Capitol Hill in Washington.is projected to hit a record $3.3 trillion due to huge government expenditures to fight the coronavirus and to prop up the economy, according to the Congressional Budget Office. That number is more than double the levels experienced after the market meltdown and Great Recession in 2008 and 2009. The spike in the deficit means that federal debt will exceed annual gross domestic product next year, a level that would put the U.S. where it was in the aftermath of World War II, when accumulated debt exceeded the size of the economy.

Wall Street isn’t Main Street. Both need to be nurtured !

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow Jumps 450 Points As Stocks Continue Record RunStocks continued their strong start to what is historically a bad month for markets. skleb1234 Thank you President Trump! skleb1234 So should i buy TSLA stocks or not? skleb1234
Source: Forbes - 🏆 394. / 53 Read more »

Dow Jumps Over 150 Points As Stocks Continue Record RunThe Dow jumped over 150 points today as stocks continued their strong start to September by skleb1234 skleb1234 Trump gains in polls, investors open the wallet.... skleb1234 The poor stay poor the rich get rich, InTrumpsAmerica skleb1234 Tomorrow realDonaldTrump will claim this as done by his little and invisible hands
Source: Forbes - 🏆 394. / 53 Read more »