US Debt Surpasses 100% of GDP for the First Time Since World War II— Is the Fiscal Squeeze Actually Deflationary?
U.S. debt surpasses 100% of GDP for the first time since WWII. Discover why experts argue this $39.4T fiscal squeeze might be deflationary.
The U.S. government now owes more money than the country makes in a whole year—something that hasn't happened since World War II. When governments owe a lot, they sometimes spend less, which can slow down the economy, so watch how companies' sales grow over time.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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