US Manages Its Twin Deficits (for Now)

I’m Rich Miller, an enterprise writer on the economy team in Washington. Today we’re looking at the risks posed by twin deficits. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

In the early 1980s, the twin deficits were a mark of opprobrium. The term referred to countries that ran both bloated budget and current account deficits. And the US was seen as culprit No. 1.