GOP sounds alarm bell over coronavirus-fueled debt

Posted on AllSides April 23rd, 2020
From The Center

Republicans are growing increasingly anxious about the meteoric rise in the country’s debt amid unprecedented levels of federal spending aimed at softening the economic impact of the coronavirus.

Congress has passed several relief bills in the last seven weeks that total nearly $2.8 trillion — roughly the combined total of the fiscal 2019 and 2020 discretionary spending for the entire government.

The mammoth spending comes as the coronavirus's effect on the country has been severe: 22 million unemployment claims in the past month, a rocky market that has plummeted...

Read full story

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right