U.S. throws more than $6T at coronavirus crisis

The American government has committed more than $6T to arrest the economic downturn from the COVID-19 pandemic, with $2.35T in fiscal spending and $4T from the Federal Reserve.

The figure represents more than a quarter of U.S. economic output, and will mean for the first time since WWII, the nation will owe more than its economy can produce in a given year.

Despite the huge congressional stimulus, proportionate to GDP, it is the world’s 10th largest, behind Japan, Singapore and the Netherlands.

https://seekingalpha.com/news/3561148-u-s-throws-6t-coronavirus-crisis