🇨🇳📈 📝 A chart from the U.S. Treasury and the Office of Management and Budget (OMB)—via FRED St. Louis and The New York Times—confirms a collapse in budgetary discipline: the U.S. federal deficit has once again surpassed 6% of GDP. This figure is more than double the 3% target promised by Treasury Secretary Scott Bessent, effectively shattering the credibility of any pledges toward fiscal consolidation in Washington.
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