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USA: digging an ever deeper hole – ‘big beautiful bill’ prepares crisis of government finance

Summary by In Defence of Marxism
The past few weeks have brought the US government deficit into sharp focus. After decades of large budget deficits, the banks and insurance companies are starting to worry that even the US government is no longer a reliable borrower.

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In Defence of MarxismIn Defence of Marxism
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USA: digging an ever deeper hole – ‘big beautiful bill’ prepares crisis of government finance

The past few weeks have brought the US government deficit into sharp focus. After decades of large budget deficits, the banks and insurance companies are starting to worry that even the US government is no longer a reliable borrower.

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In Defence of Marxism broke the news in on Tuesday, June 17, 2025.
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