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Two Versions of the US Fiscal Deficit
The US (federal) fiscal deficit has been deteriorating recently. This is an odd thing during the late stages of an economic recovery. The budget for 2016/17 (September 30) has been missed by around 10%, and the current fiscal year target (440bn) looks far off. While spending continues to increase, receipts (government income) have leveled off…
Month: November 2017
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