The full effect of the coronavirus pandemic may take years to play out. One outcome is currently clear: Federal government, companies and some homes will be packed with mountains of additional financial obligation.
The federal government deficit spending is on track to reach a record $3.6 trillion in the ending Sept. 30, and $2.4 trillion the year after that, according to Goldman Sachs estimates. Businesses are drawing down bank credit limit and tapping bond markets. Preliminary signs are emerging that some homes are turning …
%%.
source https://jobsearchtips.net/crisis-legacy-mountains-of-financial-obligation/
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