The Senate bill includes $4.5 trillion of net tax cuts, $1.4 trillion of gross spending cuts, and $0.3 trillion of gross ...

Fifteen years ago, when the Barack Obama–Joe Biden ticket first got elected, America’s three highest federal deficits on record, in inflation-adjusted dollars, were all from World War II. Since then, ...

The deficit as a share of GDP peaked around 4.4% after the 1991 recession before falling to 3.7% by the end of 1993. The 10-year Treasury yield fell nearly 2.5 percentage points to around 6.4% at ...

These charts show you how big the federal budget is You might be surprised by how much the federal deficit has increased in recent years. ... The totals are based on fiscal year 2023.

Interest payments, Social Security and healthcare have driven most of the increase since February 2020, and there's no will ...

For the federal budget in the year 2020, the chart showed a deficit of $3.13 trillion. In 2021, the figure was $2.77 trillion. In 2022, the number was much smaller, at $1.38 trillion.

The Federal Government ran a $1.8T budget deficit for the fiscal year, with a $560B deficit in the last quarter alone. ... The charts and tables below give an in-depth review of the Federal ...

These charts should alarm Congress and Biden. ... In 2023 — with the economy humming along — the federal deficit is spiking to $2 trillion, ... That’s double last year’s deficit.

Chart showing that to balance the budget in 10 years without raising taxes, ... (Added together, these cuts would total $67 million, or around 0.005 percent of the federal deficit this year.) ...