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Axios
Axios
Business

CBO data shows why deficits should matter again

CBO Deficit Interest Rates Larry Summers GDP
Data: Congressional Budget Office; Chart: Axios Visuals

In the latter years of the 2010s, there was a widening bipartisan sense that fiscal deficits don't really matter. Now, they do again.

Driving the news: That's a clear implication of new long-term forecasts for deficits and debt issued by the Congressional Budget Office on Wednesday afternoon.

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