Budget bloat and big borrowing bother business

Published



The risk is growing that Corporate America soon will be starved of the fuel it needs because of federal government borrowing to cover deficit spending. And Washington has made those deficits bigger with recent tax and spending deals.

“The worry is that over time, the more the government borrows, the more demands the government places on a limited pool of savings, the more it will potentially crowd out some private, productive investments,” Joshua Feinman, chief economist at Deutsche Asset Management, told the Washington Examiner.

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