U.S. 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, the result of a giant fiscal response to the coronavirus pandemic.
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Wall Street Journal: US debt to exceed economy size next year, a first since World War II
A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. - Stock markets on both sides of the Atlantic struggled Monday to rebound from last week's losses as optimism over easing lockdowns was torpedoed by fear over surging coronavirus infections. (Photo by Angela Weiss / AFP)
