US deficit
The Kobeissi Letter said the US fiscal deficit is exceptionally large despite low unemployment, citing a $14.18 trillion cumulative deficit since 2020 and a $1.97 trillion deficit in the first 11 months of FY2026. 2 Luke Gromen argued that austerity would worsen rather than resolve the fiscal problem, potentially triggering recession, debt and banking-system stress, while Michael Pettis questioned whether trade data overstates underlying goods-trade growth as supply chains reroute around China. 31
From the window to Oct 13, 05:30 ET — this window's take is still to be written.
Where the voices land
Nobody took a position this week.
Mentions
3 this weekStories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Michael Pettis 1 mention
- The Kobeissi Letter 1 mention
- Luke Gromen 1 mention
See what your own voices say about US deficit, every morning.
Start a desk