One of our expectations highlighted in our 2023 outlook report, published in late 2022, was that the subject of the U.S. budget deficit and federal debt would increasingly become a part of the "conversation." That has certainly been the case—heightened recently, courtesy of the runup in longer-term Treasury yields. In today's report, we'll focus on the government and corporate sectors, with a focus on consumers to come in later reports. Fiscal follies: The federal budget deficit is estimated to be about $1.7 trillion for fiscal year (through September) 2023, which is more than 6% of gross domestic product (GDP) and ... (full story)