For an economy that isn’t in recession, the U.S. is facing one of the bleakest fiscal outlooks since World War II. One question that President Donald Trump will soon have to decide: How much is he willing to embrace even wider deficits? The answer will determine whether Mr. Trump’s domestic agenda lives up to markets’ bold expectations, and his own. Before Mr. Trump does anything, growing budget deficits are already on a...

Source: Wall Street Journal February 05, 2017 12:39 UTC