Strong US Growth Is Failing to Erode the Giant Budget Deficit

I’m Chris Anstey, an economics editor in Boston, and today we’re looking at the sustained, outsize US budget 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.

Despite historically rapid economic growth, strong jobs gains and notable wage increases, the US fiscal deficit for the first three quarters of the fiscal year is barely different from the giant shortfall recorded last year.