Congress is finally moving on a federal budget, but lawmakers need your help to show them how to do it right.
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.
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.
Just when federal budget dysfunction in Washington appeared to hit rock bottom, policymakers discovered new lows with this year’s process. And the affects will be widely felt.
The official budget watchdog of Congress issued its latest budget and economic forecast on Thursday, showing deficits and debt growing even higher than previously expected. It also repeated a now familiar warning that high and rising debt will negatively impact the economy, the country, and each of us.
National Debt and You