Tuesday, May 18, 2010

The US faces one of the steepest budget crunches in the world

The US faces one of the steepest budget crunches in the world; over the next few years, governments around the world will have to cut $4T from their budgets; the US has one of the steepest reductions of all to make.  Under the current projections, the US debt-to-GDP will climb to >100% by ’15, a far steeper increase than is being forecast in many other countries.  The US has one of the lowest average maturities in the world also.  London Telegraph 

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