Episode 281
Critics: Where’s Debt Plan as Deficit Hits $1.5 Trillion, Debt Tops $35 Trillion?
The federal deficit so far this fiscal year has already hit $1.5 trillion, the U.S. Treasury Department reported in its monthly fiscal update. The federal data comes just days after the national debt surpassed $35 trillion, an unprecedented figure that worries economists and budget analysts. For now, though, neither Republicans nor Democrats have prioritized getting the deficit under control or showed unity in putting a plan forward to do so.
August 17, 20248m 19s
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Show Notes
The federal deficit so far this fiscal year has already hit $1.5 trillion, the U.S. Treasury Department reported in its monthly fiscal update. The federal data comes just days after the national debt surpassed $35 trillion, an unprecedented figure that worries economists and budget analysts. For now, though, neither Republicans nor Democrats have prioritized getting the deficit under control or showed unity in putting a plan forward to do so.
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