Tag: fiscal

Fiscal Agenda For 118th Congress

Fiscal Agenda For 118th Congress

For the fiscal year of 2022, there was a budget deficit of 1.4 trillion dollars. This means the United States is in nearly 31 trillion dollars of debt. This is alarming for Congress because if they do not get a hold on spending and the amount of debt we are in, this country could be heading toward a financial crisis. Congress is aware of this, and it is one of the main concerns for the 2023 fiscal year.

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