Inside world economy engine room: Covid pushes US into club of high-debt nations – WSJ

The last time the US debt level exceeded economic output was in 1946, when it stood at 106% after years of financing military operations to help end World War II.
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US debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, says BizNews partner Wall Street Journal. This is partly the result of a giant fiscal response to the coronavirus pandemic, with federal debt held by the public projected to reach or exceed 100% of US gross domestic product. That, says the Wall Street Journal, would put the US in the company of a handful of nations with debt loads that exceed their economies, including Japan, Italy and Greece. Read the full story and listen to the short podcast, below. – Editor

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