Budget Deficit for Fiscal 2021 Already Over $1 Trillion
Just five months into fiscal 2021, the U.S.government has already run a budget deficit of over $1 trillion. And in a year of massive deficits, the U.S. federal government charted its biggest monthly shortfall of fiscal year 2021 in February. According to the Monthly...
Stimulus 3.0: Who’s Getting Paid and Who’s Paying Up?
On Wednesday, the U.S. House gave final approval to coronavirus stimulus bill 3.0. For those keeping score at home, that brings total stimulus spending approved during the pandemic to $5 trillion. So, what exactly is all of this money going to be spent on? And who is...
National Debt Blows Past $28 Trillion
On March 1, the U.S. national debt eclipsed $28 trillion with no end to the borrowing and spending in sight. It was just last fall that the debt surged above $27 trillion for the first time. In less than five months, Uncle Sam added another $1 trillion to its debt...