The US fiscal situation is much worse than that of other major economies: The US federal budget deficit stands at -6.0% of GDP, the largest among all G7 nations. The budget gap is also more than TWICE as big as the G7 average of -3.0%. By comparison, France and the UK are running deficits at -5.0

The US fiscal situation is much worse than that of other major economies: The US federal budget deficit stands at -6.0% of GDP, the largest among all G7 nations. The budget gap is also more than TWICE as big as the G7 average of -3.0%. By comparison, France and the UK are running deficits at -5.0

🚨 LATEST: The US budget deficit sits at -6.0% of GDP, the largest in the G7 and more than double the bloc's average, per The Kobeissi Letter. https://t.co/w2aDYVPRyN