Eric Hovde: “Last year's deficit in 24 was 1.86.”

“And that's why they're going to operate with higher levels of inflation. Deficit's still enormous, but tariff revenue is helping. Last year's deficit in 24 was 1.86. This past year it finished in September. Government's on a September fiscal year 1.8. So a little improvement. Debt to GDB came down to 5.9 versus 6.4 last year.” (00:52–00:57)

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