US budget deficit hits record $3 trillion: CBO

The CBO has estimated that the deficit for the full fiscal year ending this month will amount to $3.3 trillion, continuing to add to the nation's growing debt.

By next year, the debt will exceed 100 percent of GDP for the first time since World War II, and will break its all-time record in the years after.

https://thehill.com/policy/finance/515582-us-budget-deficit-hits-record-3-trillion-cbo