U.S. budget deficit jumps 48% compared to prior July, Lawrence Lepard notes - Traders Union
U.S. budget deficit jumps 48% compared to prior July, Lawrence Lepard notes - Traders Union
Source: Traders Union
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DW NOTE
Lawrence Lepard is reading a single data point — a 48% year-over-year jump in the July deficit — and calling it a crisis. But the fiscal 2026 deficit through March was down 11% from the prior year, and full-year projections sit at $1.8–1.9 trillion, below 2025's close. One month means nothing. The trajectory does.