One's Observations

A collection of some things I observe along the way.

Retrieving...

Amidst the financial crisis, reports from last month reveal that the US federal deficit had been catapulted to record territory in August, hitting $1.38 trillion with just one month left in the budget year.

It remains a concerning figure - not least because of the worries it has raised regarding the willingness of foreigners to continue purchasing Treasury debt. For that is where the debt comes from: US Treasury securities - a government debt issued by the United States Department of the Treasury, which other countries and institutions then buy. (FST Article)


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