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Phil Magness says the U.S. is not running a balance of payments deficit under current accounting rules. He argues the official U.S. BOP has been effectively zer

BWB News TV • 2026-08-28 15:01 UTC • By Billy Odell Tucker-Robinson
Phil Magness says the U.S. is not running a balance of payments deficit under current accounting rules. He argues the official U.S. BOP has been effectively zer
Phil Magness says the U.S. is not running a balance of payments deficit under current accounting rules. He argues the official U.S. BOP has been effectively zero since fixed exchange rates ended, highlighting the reserve currency debate.
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