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U.S. CBO sees FY20 federal budget deficit of $3.3 trillion amid coronavirus spending

WASHINGTON, Sept 2 (Reuters) - The non-partisan U.S. Congressional Budget Office on Wednesday said the federal budget deficit for fiscal 2020 will hit $3.3 trillion, 16 percent of gross domestic product, down from its April 24 preliminary estimate of $3.7 trillion.

Federal deficits will fall to $1.8 trillion in the fiscal year beginning Oct. 1, the CBO said, and will total $13 trillion over 10 years. (Reporting by Richard Cowan Editing by Chizu Nomiyama)

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