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      "text": "The worst of the fiscal drag is behind the US economy, though the impulse remains deeply negative; the budget deficit is set to fall toward $1.1t in FY 2023.",
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      "text": "The federal budget deficit was $1.4t in fiscal year 2022... We anticipate the federal budget deficit will narrow to around $1.1t in fiscal year 2023.",
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      "text": "As most federal pandemic support measures expired, the fiscal impulse... turned sharply negative in 2022... While the fiscal impulse is expected to remain a burden... the impact on the economy will gradually ease this year.",
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