But jumped on Monday and Tuesday, driven by a stronger economic outlook in Europe and Japan and the prospect of larger fiscal deficits in the U.S. after Congress decided to defer considering entitlement and welfare cuts. (zillow.com)
Indeed, for some time the «twin deficits» view held that large fiscal deficits in the United States were causing large U.S. current account deficits. (newyorkfed.org)
Taken to its natural conclusion, this logic dictates that we shut down the oil sands, abandon our resource wealth, have high and variable inflation, run large fiscal deficits and diminish our financial sector. (macleans.ca)