Wall Street Worries as Crisis-Level Deficits Become the Government’s Default Mode - WSJ
1. U.S. budget deficits nearing $2 trillion lead to tax cuts. 2. Congress approved a bill adding $3.4 trillion to federal deficits. 3. The deficit may rise to 9% of GDP by 2035, causing concern. 4. Increased federal debt could affect market stability and interest rates. 5. Foreign demand for U.S. debt might decline due to rising concerns.