Huge U.S. Debt an Economic Indicator?
This week the White House reported that the federal deficit is rising faster than expected. The projected 10-year deficit is now $9 trillion ? that’s $2 trillion more than previous estimates. Does increased spending mean a healthier economy, or does burgeoning debt spell trouble for the future? To decode this number and other indicators we speak to Lakshman Achuthan, managing director of the Economic Cycle Research Institute.
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