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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.
| | apnews.com
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| | Congress has sent President Joe Biden a short-term spending bill that would avert a looming partial government shutdown and fund federal agencies into March.
| | en.mercopress.com
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| | Moody's Ratings decision last week to lower the US credit rating to Aa1 from Aaa, (the highest investment-grade position) triggered strong reactions and criticisms from President Donald Trump and his political advisor.
| | www.pbs.org
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| McMahon would face the competing tasks of winding down the Education Department while also escalating efforts to achieve Trump's agenda.