The Federal Budget Deficit Extravaganza

The widening US deficit has raised alarm bells, particularly since it’s doing so during an economic expansion. But if inflation moderates while the economy continues to grow, we might just dodge—or at least push off—the day of reckoning. Eric takes an in-depth look at how fast the US deficit has grown and how much more it’s costing the US government. … Who’s buying all the new Treasury debt issuance? Thank money market funds buying bills. … Retail investors are benefitting from higher interest rates. … How much Treasury bill issuance is too much? A Treasury advisory committee weighs in.