Us Deficit News Today

There is plenty of scope for material worsening of financial conditions if the macro and geopolitical outlooks deteriorate, Capital Economics said.

As the US relies on deficits for growth, debt will continue to compound, making it a serious problem the coming decade, Bill Gross said.

"There's very little sign of fiscal discipline from either party right now, which is, I think, concerning. But reality finds ways of biting."

Nova Scotia is forecasting a deficit of $264.3 million for the current fiscal year — about $14.6 million less than the figure estimated in last spring’s budget.

Surging fiscal deficits, rocketing levels of outstanding debt, and towering debt service costs still hang over the US outlook.

"This finding is not confined to the US: it holds in Germany, Italy, Japan, the UK, Switzerland and Australia back to the 1880s."

Treasury’s flexibility has pleasantly surprised investors, spurring a bond rally this month.

Treasury’s flexibility has pleasantly surprised investors, spurring a bond rally this month.

Massive supply of Treasurys and stronger Japanese bond yields are what could be driving US bond yields more than the Fed, SocGen said.

Higher rates mean the government has to pay more money to service its $33 trillion mountain of debt.