Mackelm warns U.S. deficits are unsustainable and costly
Financial Post ·
The U.S. federal budget deficit widened to nearly US$2 trillion for the 2026 fiscal year
Bank of Canada governor Tiff Macklem warned that U.S. borrowing is on an unsustainable trajectory as he offered an unusually blunt assessment of American tax and spending policy, which is putting pressure on global bond yields. Read More