Paying America’s Bills

How the U.S. government manages its finances may affect your investments.
Find out more.

What investors should know about how the U.S. government manages its finances

The 2018 federal budget projected a $804 billion deficit. That’s on top of the $21 trillion total debt the government already owes. Given that investors around the world recognize U.S. Treasury securities as “risk free” investments, America’s ability (or possible inability) to repay its debtors has potential implications for every investor.

Because the United States’ ability to pay its bills over the long term is vitally important, Wells Fargo Investment Institute offers a report to help clarify the issues and address investor concerns.

Download Full Report (PDF)

How America pays its bills: State and local edition

State and local governments, unlike the federal government, cannot run deficits. When revenues fall short, they must cut expenses, find alternative revenue sources or spend rainy day funds.

Learn how state and local governments continue to face funding challenges and the ways they look to address them in our report.

Download Full Report (PDF)

Wells Fargo Investment Institute, Inc., is a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company.