Gross: US has failed to make a dent in the deficit


Bill Gross, managing director of he world's largest bond fund, California-based investment management firm Pimco, has slammed US policymakers for their failure to make a significant dent in the country's $1.5 trillion deficit, despite reaching an accord on the debt ceiling.

Gross said although the US managed to avert a default disaster, the country's reputation has been "stained by the government's budgetary abuse".

"The whole world was watching, and what they saw was a dysfunctional government

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here