I’m Chris Anstey, a senior editor in Boston, and today we’re looking at why the US budget deficit doubled despite a strong economy. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
When the economy is doing well, more people are working and wages are rising, logic dictates that the government ought to be seeing an improvement in its finances.