Trump makes scary forecast, as US plans record trillion dollars borrowing

US President Donald Trump has warned that as many as 100,000 people could die of coronavirus in the US.

Speaking at a two-hour virtual “town hall”, Mr Trump also denied that his administration had acted too slowly, and expressed optimism about the development of a vaccine, suggesting one could be ready by the end of this year – although experts believe it will take 12 to 18 months.

Meanwhile, the US has said it wants to borrow a record $3trillion in the second quarter, as coronavirus-related rescue packages blow up the budget.

In the whole of 2019, the country borrowed $1.28trn, and yet, the sum is more than five times the previous quarterly record borrowed at the height of the 2008 global recession.

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