US budget deficit widens rapidly, threatening debt-limit timeline

Yahoo!Finance-Bloomberg/Christopher Antsey/2-8-2023

“The federal budget deficit is widening rapidly, according to the latest estimates by the Congressional Budget Office, raising the risk of the Treasury running out of cash earlier than expected amid a debt-ceiling standoff.”

USAGOLD note: A number of money managers have come public with concerns that Congress won’t come to an agreement on the debt ceiling this time around because of the deep animosity between the political parties. The rapidly deteriorating fiscal picture will not help matters.