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Axios Apr 10
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Surging deficit could invite a financial crisis

The Capitol dome is reflected in a puddle at dusk.
A reflection of the U.S. Capitol Building dome. Photo: Jabin Botsford/The Washington Post via Getty Images

"Poised to Balloon to $1 Trillion, U.S. Deficit Fuels Fear of Crisis," N.Y. Times' Thomas Kaplan reports.

Why it matters: "The fear among some economists is that rising deficits will drive up interest rates, raise borrowing costs for the private sector, tank stock prices and slow the economy, which would only drive the deficit higher."