119 days ago • Posted by Charles-Henry Monchau

US Twin deficits likely to worsen as Biden is expected to propose a massive $2 trillion stimulus

Joe Biden is expected to unveil a major Covid-19 relief package on Thursday and his advisers have recently told allies in Congress to expect a price tag in the ballpark of $2 trillion," CNN reported citing two people briefed on the deliberations. So don't expect this chart to look nicer anytime soon - chart source: Crescat Capital  

US Twin deficits (fiscal + current account) as a % of GDP