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Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan. The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He produced and hosted The Apprentice, a reality television series, from 2003 to 2015. As of 2019, Forbes estimated his net worth to be $3.1 billion
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U.S. debt from coronavirus pandemic will soon exceed size of entire economy, analysts say

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globalnews.ca

coronavirus is imposing the heaviest strain on the Treasury since America’s drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago.The Congressional Budget Office has warned that the government this year will run the largest budget deficit, as a share of the economy, since 1945, when World War II ended.

Next year, the federal debt — the sum of the year-after-year gush of annual deficits — is forecast to exceed the size of the entire American economy for the first time since 1946.

Within a few years, it’s on track to set a new high.It might be surprising to hear that most economists consider the money well-spent — or at least necessary.

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