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EDITORIAL: Biden’s sea of red ink

The CBO said that it expects this year’s federal deficit to hit $2 trillion, almost $400 billion higher than the original estimate it released — and Biden boasted about — earlier.

RICHARD A. EPSTEIN: Will there be inflation under Biden?

Key experts inside of the Federal Reserve fear inflation will be exceed the benchmark 2 percent “core” inflation rate — a number that excludes highly variable prices for goods such as food and energy.

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