Monday, December 9th, 2019 MST

Category: Federal Finances

Debt ceiling increases

Few Americans are aware that our federal government does not have a limit on how much money it can spend.  It was not always that way. Prior to 1939, Congress had to approve every purchase made by the Treasury.  It was then that Congress imposed a debt ceiling, which was watched closely by all.   Fiscal

Federal budget deficit widens

In the first seven months of this fiscal year, the federal budget deficit grew 38% over the same period last year.  The Treasury ran a $541 billion deficit from October through April, compared with $385 billion during the same period a year earlier.  Part of the increase was attributable to a shift in the timing

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