The federal government ran a $510 billionbudget deficitin the first quarter of fiscal year 2024 – an increase of $89 billion from the same period a year ago, according to data from the Treasury Department and the nonpartisan Congressional Budget Office (CBO). The CBO noted that the ...
Beyond Medicare and Medicaid, health care services for veterans are set to continue in the event of a shutdown. The majority of programs funded by the Indian Health Service would also remain in operation and IHS has received advanced appropriations for the 2024 fis...
Here’s a look at different fiscal variables and how unexpected inflation during a two-year period. What politicians presumably care about are the first two charts on the first row. You can see that inflation leads to more tax revenue, especially from taxes on income and profits. I fear tha...
Similarly, Interior officials explained that an $8.8 billion increase in deferred maintenance and repairs from fiscal year 2020 through fiscal year 2021 was in part the result of the addition of design, compliance, and construction management costs to estimates at the National Park Service. Interior ...
Capitol Federal: Fiscal Q4 Earnings Snapshot (Associated Press Finance) 09:00AM Capitol Federal Financial, Inc. Reports Strategic Securities Transaction and Fiscal Year 2023 Results (Business Wire) Oct-24-23 12:24PM Capitol Federal Financial, Inc. Announces Quarterly Dividend ...
After World War II, the U.S. was transitioning to a peacetime economy. The Fed worked to maintain low inflation and stabilize the economy. This period was considered a success, as the economy became a juggernaut while experiencing relatively low inflation. Its actions at this time set a prece...
Combined debt from federal and individual provincial governments is expected to hit an about $2.1 trillion by the end of this fiscal year
The federal government's spending in the2024 fiscal year was $6.75 trillion. Musk said he could quickly eliminate $2 trillion from the federal budget but has not provided any specifics on how, and later softened his stance, calling $2 trilliona "best-case outcome." ...
It would remain relatively constant as a percentage of revenue, at 10.6% to 11.0%, over the same period, higher than in most similar countries. In the 2023 FES, the government set out three guardrails to indicate its commitment to fiscal discipline, each of which it has maintained through ...
point in time. Imagine the deficit as the flow coming from the faucet; the debt is the plugged sink into which the water flows. Our top figure shows the stock of debt at the end of each fiscal year; the bottom figure gives revenues and spending flows calculated for each fiscal year. ...