How large was the U.S. federal budget deficit in the first half of the 2020 fiscal year? Based on recent forecasts how large is the deficit projected to grow by the end of fiscal 2021 on September 30. Explain how the U S. Federal government is able to finance this deficit? Discuss at least three problems that are caused by deficits of this magnitude. Check out the US Debt Clock real-time projections How large is the budget deficit? What is meant by the term public debt? What is the current U S public debt. http://www.usdebtclock.org/