It’s back-to-school time for families across the country and Congress is back to work on several issues that could affect the country’s bottom line for a very long time. So, this is a good time to take a crash course on the federal budget and national debt.
Congress has been dragging its feet on approving government spending for the coming fiscal year, but some decisions will need to be made soon because lawmakers now have less than a month to avoid a government shutdown when the new fiscal year begins on October 1. Here are 6 Things Congress Should Do As It Considers the Federal Budget and Government Spending.
As you plan that last trip for the summer, we have some reading suggestions.
It’s no secret that policymakers in Washington are having a hard time getting things done. They will need to turn things around soon as they face critical matters in which failure would have serious consequences, such as passing a federal budget, agreeing on government spending in order to avoid a government shutdown, and raising the debt limit in order to avert a national default. Fortunately, there is a way forward.
Things are hot and heavy in Washington in the middle of summer with lots of action on issues affecting the budget and debt. The forecast calls for deficits and debt to rise considerably but the outlook for producing next year’s budget remains unclear. Here’s your fix for the latest developments on the federal budget and national debt.
National Debt and You