Your comments on ...

Falling US deficit renews austerity or growth debate

Austerity or growth? Europe's struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both.Austerity or growth? Europe's struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both. Projections unveiled this week by the Congressional Budget Office indicate the US deficit will shrink more than 40 percent during fiscal 2013, returning to its lowest level in five years.