U.S. deficit explodes even as economy grows
A strong economy usually reduces the deficit. Not this time.
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A strong economy usually reduces the deficit. Not this time.
He's right. It's not a crisis in the sense that the economy isn't going to blow up -- or contract -- tomorrow. But somewhere, a clock is ticking. And once it hits
The federal deficit is projected to roughly double this year, as bigger interest payments and lower tax receipts widen the nation's spending imbalance despite robust overall economic growth.
The unexpected deficit surge, which comes amid signs of strong growth in the economy overall, is likely to shape a fierce debate on Capitol Hill.
The unexpected deficit surge, which comes amid signs of strong growth in the economy overall, is likely to shape a fierce debate on Capitol Hill about the nation’s fiscal policies.