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The Congressional Budget Office now says the Inflation Reduction Act will cost $428 billion more than expected.
The federal government is still borrowing over $5 billion per day despite the recent credit downgrade from Fitch.
Veterans were outraged to learn that a Congressional Budget Office (CBO) report recommended cuts to veteran disability payments.
The U.S. Treasury Secretary Janet Yellen is finally answering for President Joe Biden’s budget’s tax hikes and IRS spending.
The CBO has warned that interest payments on national debt will exceed defense spending during this current decade.
The CBO is warning that the federal debt is growing faster than expected, adding that deficits will average $2 trillion.
Fresh projections from the Congressional Budget Office show the Old-Age and Survivors Insurance Trust Fund would be exhausted by 2033
The feds borrowed $4 billion per day last year in a grand total of $10K per household. This came as federal debt soared by $1.4 trillion.
former Democratic North Dakota Sen. Heidi Heitkamp said criticism of President Joe Biden due to rising gas prices was unfair.
Federal Reserve Chair Jerome Powell warned Wednesday that the federal budget is on “an unsustainable path” due to rising levels of federal debt.
Democratic presidential candidate Elizabeth Warren claims her “Medicare-for-all” plan won’t require a tax increase on the middle class.
The federal budget deficit will reach $1 trillion by next year, according to forecasts from the Congressional Budget Office.