WASHINGTON (Reuters) – The coronavirus response bill passed by the U.S. Congress last month will increase the federal budget deficit by about $1.8 trillion over the next decade, the Congressional Budget Office (CBO) estimated Thursday.
Although the coronavirus relief bill provided over $2 trillion in financial aid, its projected cost is less than that because some of the assistance is in form of loan guarantees, the CBO said in a statement.
(Reporting by Susan Cornwell; Editing by Sandra Maler)
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