U.S. budget deficits are running at about 6% of GDP, a postwar high outside recession or war, economist Justin Wolfers said. He warned borrowing is at emergency-era levels without an emergency, while bond markets have noticed more than voters.
published
U.S. budget deficits are running at about 6% of GDP, a postwar high outside recession or war, economist Justin Wolfers said. He warned borrowing is at emergency-era levels without an emergency, while bond markets have noticed more than voters.
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