What happens to the deficit when the economy turns? I know some of this is long-term infrastructure spending but if the bond market is signalling problematic deficits, some tough choices are going to have to be made.
- Sept deficit $171B vs -$78.6B expected
- Sept 2022 deficit $430B
The deficit in the 2023 fiscal year was larger than every pre-covid deficit.
This article was written by Adam Button at www.forexlive.com.