The Biden administration continued to spend money at an unsustainable pace last month. The surplus was merely a function of the reversal of student loan forgiveness.
US Budget Deficit Tops $1.6 Trillion Amid Lower Tax Revenue, Higher Spending theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
The Fiscal Responsibility Act resolved the debt ceiling standoff and ended a short-term crisis but it sets up a momentous challenge for whoever is elected president in 2024. The act suspends the cei.