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taxfoundation.org | ||
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brutalproof.net
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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. | |
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www.pgpf.org
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| | | | | Some TCJA provisions were made temporary to limit the negative fiscal impact of the 2017 bill. It sets up a significant decision point for policymakers next year. | |
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psl.noaa.gov
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| | | US Department of Commerce, NOAA, Physical Sciences Laboratory | ||