Merryn Talks Money

Recession Threat Is Back—and Maybe Something Worse

Trump’s policies have slowed the US economy, making a downturn more likely. But the nation’s yawning deficit is a bigger threat.

Photographer: Bill Clark/CQ-Roll Call, Inc.

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You might think the big risk to the US economy right now is President Donald Trump’s trade war. If so, you’d be wrong. There’s something much bigger and far nastier lurking around the corner. A few things, actually.