Reported 3 days ago
The US deficit is escalating, raising alarms about fiscal stability. Libby Cantrill from PIMCO emphasizes that regardless of political outcomes, the deficit's trajectory remains poor, currently at 6.5% of GDP. Despite proposals like Trump's Department of Government Efficiency aiming to cut spending, Cantrill highlights the necessity of either increasing taxes or reassessing entitlement programs, amid a lack of political will for such measures.
Source: YAHOO