Politics & Risk

Politics and political risk
First with confirmation Federal deficit topped a trillion

First with confirmation Federal deficit topped a trillion

Good planning paid off with a big beat on the Congressional Budget Office deficit forecast. Reuters arranged for a longstanding contact to call with the report. Reuters beat Dow Jones by 2 minutes, AP by 7 minutes and Bloomberg by 17 minutes on this January 7 story. The news reassured markets which had already priced in the expected figure of more than $1 trillion

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