A Grim Budgetary Outlook
#Grim #Budgetary #Outlook
“As President Joe Biden and Speaker Kevin McCarthy start talks over the debt restrict and federal spending, CBO reports that the nation’s fiscal outlook has grown barely worse in latest months. That is going to make a bipartisan deal that a lot tougher to achieve,” Punchbowl News reviews.
“The federal authorities took in just below $1.5 trillion through the first 4 months of FY2023 (October to January) whereas spending topped $1.9 trillion.”