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UBS On-Air: Paul Donovan Daily Audio 'Big. Beautiful. Also bankrupt?'
Published 7 months, 4 weeks ago
Description
US President Trump urged Congress to pass the “big, beautiful” budget. An International Monetary Fund (IMF) official urged the US to consider its unsustainable debt level, which this budget will likely make worse. The redistribution effects of the tariffs, spending cuts, and tax cuts does have long term implications. In the short term, the deficit’s size is likely the focus.