Chanute Tribune in Chanute, Kansas

Treasury deficit grows as inflation and costs squeeze profits

Bond traders say repeated Treasury borrowings will raise supply and push rates down while inflation makes stocks look more attractive. The latest fiscal year report shows January shortfalls of over 3 billion, actual deficits over 2 billion, defense spending rising, and a potential current-year gap of 10 to 12 billion. Rising operating costs threaten profits even after Labor Day.