NEW YORK/TOKYO -- The U.S. government is boosting fiscal spending to cope with the novel coronavirus pandemic, leading to deteriorating fiscal conditions, with the debt to gross domestic product ratio expected to exceed that during World War II.
US government debt set to top World War II levels

The Fed is aggressively purchasing U.S. government bonds.
NEW YORK/TOKYO -- The U.S. government is boosting fiscal spending to cope with the novel coronavirus pandemic, leading to deteriorating fiscal conditions, with the debt to gross domestic product ratio expected to exceed that during World War II.