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baselinescenario.com
| | www.gao.gov
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| | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic.
| | fiscaldata.treasury.gov
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| | Learn how much the U.S. government collects in revenue, and what types of revenue it brings in.
| | www.soberlook.com
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| | Those hoping for the US economy to accelerate in the second half - and many economists made that call early in the year - will be disappoi...
| | www.chrisritchie.org
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| Investing tidbits, inflation, and recent economics headlines.