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Topic - Carmen Reinhart
With deficits ranging around $1.5 trillion recently and projected to stay nearly that high for years to come, the fast-growing U.S. debt burden is at the "extreme end of the spectrum" among advanced countries, she said.
She said the U.S. is approaching that level and has already exceeded that level if the debts of state and local governments and government-sponsored enterprises by Fannie Mae are added.