Commentary: Decision time for US deficit
By Seema Shah in London
US President Donald Trump must choose between a larger budget deficit or a smaller trade deficit. The US has so far managed to run up its debt without alarming the markets, thanks to the dollar’s unchallenged role as the world’s primary reserve currency.
However, there are concerns the economy is starting to overheat. In the wake of stronger than expected employment data and non-manufacturing sector activity, 10-year Treasury...