Tag: COVID relief package

Experts warn of rocketing public debt after 1.9 trillion dollar stimulus package is approved by US Senate Photo taken on March 11, 2021 shows the White House in Washington, D.C., the United States Source: Xinhua
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Experts warn of rocketing public debt after 1.9 trillion dollar stimulus package is approved by US Senate

The real danger that excessively large budget deficits and rising public debt levels pose for the United States is that they could give rise to higher inflation and to a sharply weaker dollar, as the Fed prints money to finance the government, said an expert.

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