Merril Lynch: The 17% No One’s Talking About
24/2 09:30
“Now four months into the fiscal year, the U.S. government has run a cumulative deficit of $697 billion—that’s 17% lower than the same period in FY 2025. The early improvement reflects a 12% year-overyear increase in revenues, with income tax receipts suggesting a still-healthy labor market backdrop. Still, between trillion dollar interest payments, tax cuts […]...