Trump's coronavirus stimulus package tests credibility of dollar

US government debt set to top World War II levels

20200420 Data Watch

The Fed is aggressively purchasing U.S. government bonds.

TATSUYA GOTO and KAZUYA MANABE, Nikkei staff writers

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.

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