Top Economist Warns US Is ‘Wildly Irresponsible’ With $1.99 Trillion Deficit as Interest Costs Top Defense Spending
Economist Justin Wolfers says the U.S. has its largest deficit outside a recession or war, with Medicare and food stamps funding tax cuts.
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Why It Matters
The U.S. government is spending way more money than it makes. When a country does this, it costs more to borrow money, which can affect bond prices and the whole economy.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.