The nonpartisan Congressional Budget Office revealed that the federal government under President Biden has spent nearly $1 trillion in the first seven months of FY2023.
Fox News correspondent Gillian Turner has the details on FBI Director Christopher Wray facing House panel over 2024 budget request on 'Special Report.'has run a near-$1 trillion federal deficit in the"first seven months of fiscal year 2023."federal deficitThe nonpartisan agency found that in the first seven months of FY2023 alone, the federal government has racked up $928,000,000,000.
"Outlays this fiscal year were reduced by the shifting of certain payments—totaling $63 billion—from October 1, 2022 , into fiscal year 2022 because October 1 fell on a weekend," the agency wrote. The economy will likely be a major factor in 2024 as Biden will likely have to face questions on high inflation and other economic issues facing his presidency. A newfound that 54% of American adults believe Trump did a"better job" handling the economy during his administration, compared to 36% who said Biden is handling the economy better.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joe Biden's 'egregious' Hunter Biden defense blasted by Harvard professorHarvard University law professor Jack Goldsmith wrote on Sunday that presidents should not comment on pending Justice Department investigations.
Read more »
N.J. company ordered to pay $910K for denied OT payments to warehouse workersAdvantix Logistics Corp., of Lyndhurst, violated federal wage laws, according to the federal Department of Labor.
Read more »
Some Black farmers worry they could be left out of federal debt relief programsKEYSVILLE, Ga. — (KEYSVILLE, Ga.) -- For nearly three decades, Lucious Abrams says he has gotten letters from the United States Department of Agriculture promising to wipe out his debt --but for him and other Black farmers in the country, receiving relief from the federal government has been a difficult process.
Read more »
Asa Hutchinson says Trump is buoyed by federal investigations: ‘He’s played the victim’Republican presidential candidate and former Arkansas Gov. Asa Hutchinson argues Donald Trump's legal woes are boosting the former president's bid for the GOP's presidential nomination.
Read more »
Denver bracing for new influx of migrants as federal asylum rule set to expireThe city of Denver is preparing for an influx of migrants as a federal asylum rule is set to expire in a few days.
Read more »