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Yellen: Reducing the deficit is necessary to maintain the stability and sustainability of US fiscal policy

On October 18th, Jinshi Data reported that US Treasury Secretary Yellen stated that President Biden’s recent budget proposal aims to cut the deficit by $3 trillion over the next 10 years, in addition to the $1 trillion that has already been implemented. We believe this is necessary to maintain a stable and sustainable path for US fiscal policy.

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