US Debt Risks Another ‘Truss Moment’
The US is facing a similar fiscal situation to the UK in 2022, with policymakers pushing for large deficit-increasing policies that could lead to financial turmoil. The current reconciliation package would increase the primary deficit by 1.7% of GDP in 2027, comparable to the UK’s 1.5% in 2022. The US’ fiscal situation is worse than … Read more