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See link below to the Congressional Budget Office economic outlook. Excerpt on deficits for 2021:
  • CBO projects a federal budget deficit of $2.3 trillion in 2021, nearly $900 billion less than the shortfall recorded in 2020. At 10.3 percent of gross domestic product (GDP), the deficit in 2021 would be the second largest since 1945, exceeded only by the 14.9 percent shortfall recorded last year. Those deficits, which were already projected to be large by historical standards before the onset of the 2020–2021 coronavirus pandemic, have widened significantly as a result of the economic disruption caused by the pandemic and the enactment of legislation in response.
Link: CBO
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com