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Twin Deficits

July 14, 2009

Blog Post
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions.

More on:

United States

Budget, Debt, and Deficits

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The U.S. federal deficit has increased significantly since the start of the recession, as tax revenues have fallen and spending has increased. But the trade deficit has actually shrunk, reaching its lowest level for ten years in May. So while the risks associated with dependence on external financing have declined, there are new risks stemming from increased fiscal borrowing.

Rappeport: U.S. Trade Gap Narrows

Willis: Trade Deficit in U.S. Narrowed in May

Economist: Seeing Red

Del Giudice: U.S. Budget Gap

More on:

United States

Budget, Debt, and Deficits

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