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Home>The Incredible Shrinking Deficit: Implications for U.S. Treasury Issuance

The Incredible Shrinking Deficit: Implications for U.S. Treasury Issuance

Perspectives Content Submission

Thu, 25 Jul 2013

Staring into the abyss At the end of fiscal year 2009, following the depths of the economic crisis, the United States registered a ratio of fiscal deficit to gross domestic product (GDP) of more than 10%, nearly five times higher than in 2007. The fiscal deficit approached $1.4 trillion as revenues

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