Stay updated with breaking news from Budget Model. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(CNSNews.com) --The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of Monday, was $30.19 trillion. Despite the staggering debt and deficits, some Republican senators believe that President Joe Biden will not balance the budget.
(CNSNews.com) --The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of March 14, was $30.19 trillion. Despite these numbers, some Republican representatives believe President Joe Biden will not balance the budget or make any real effort to do so.
(CNS News.com) -- When asked whether President Joe Biden would ever balance the federal budget, Sen. John Cornyn (R-Tex.) said, “No,” and added that the U.S. Constitution needs a balanced budget amendment to force both Democrats and Republicans to get America’s fiscal house in order.
(CNSNews.com)—The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of Monday, was $30.19 trillion. Despite these numbers, some Republican senators believe that President Joe Biden will not balance the budget or make any real effort to do so.
(CNSNews.com)—When asked whether President Joe Biden would ever balance the federal budget, Sen. Sherrod Brown (D-Ohio) did not answer directly but said, “He inherited a mess with the tax cuts for the rich that his predecessor did.”