US deficit to hit $3 trillion in 2021, then fade as stimulus relief expires, CBO says

The deficit represents a slight decrease from last year but is triple that of 2019, and amounts to one of the biggest imbalances between federal spending and revenue in American history, the nonpartisan budget office said.

source https://www.google.com/url?rct=j&sa=t&url=https://www.washingtonpost.com/us-policy/2021/07/01/cbo-deficit-biden-stimulus/&ct=ga&cd=CAIyGjJhZjcxZTMyNjk0YzRkZjQ6Y29tOmVuOlVT&usg=AFQjCNEVRRYeDW2LnJaHAcPfFb1no49l5A