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Fiscal

What shape is the federal balance sheet in?
Deficit & Interest Burden

The federal deficit and the cost of servicing the debt, both as a share of GDP.

How Deficit/GDP (FYFSGDA188S, reported negative) and net interest outlays / GDP (FYOIGDA188S).Source FRED (OMB, CBO)

macro_fiscal

How to read A wider deficit + a rising interest burden = a more stretched fiscal position; net interest is the structural cost of the debt stock.

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