BBA Digest: Every Dog Has Its Day
Some states have begun the reopening process. Politicians and public health experts are sparring over when and how to allow businesses to reopen and Americans to emerge from their homes. Leave it to say, it's complicated.
Meanwhile, the Congressional Budget Office said that it expects the federal budget deficit to hit $3.7 trillion for the 2020 fiscal year, its largest size as a share of the economy since World War II. It projected the economy to shrink by 5.6 percent over the course of this year, ending 2020 with an unemployment rate of 12 percent.