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Wednesday, May 29, 2024

Deficit Doubling as US Economy Grows Shows Why Yields Are at 5%

Deficit Doubling as US Economy Grows Shows Why Yields Are at 5%

By Christopher Condon and Christopher Anstey

(Bloomberg) — In a year when the US economy exceeded almost everybody’s expectations, the underlying federal deficit roughly doubled, spotlighting a dire fiscal trajectory likely to only worsen the partisan budget battles in Washington.

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