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2 Sides of the Deficit Coin

Deficit reductions for the current fiscal year could lead to less government borrowing, but also less spending, which would weigh on GDP, says Morningstar's Bob Johnson.

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Jason Stipp: I'm Jason Stipp for Morningstar. The Congressional Budget Office released a report this week that showed a dramatic decrease in the deficit over last year. Here to talk about those numbers and what they mean for the economy is Bob Johnson, our director of economic analysis.

Thanks for joining me, Bob.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.