The U.S. budget deficit will be larger than expected because of the $900 billion stimulus bill passed in December, a whopping $448 billion larger than was projected in September, the Congressional Budget Office said Thursday.
According to Breitbart, the CBO forecasts that the federal government will borrow $2.26 trillion this year making it the second-largest deficit since World War II. Last year’s $3.1 trillion was the biggest in absolute numbers and also the largest as a share of gross domestic product. Read More
Just hours after being sworn in as the 46th president of the United States, Joe Biden signed a slew of executive orders, reversing many Trump-era policies, including a ban on Critical Race Theory training for employees of federal agencies and federal contractors, which include colleges and universities. Read More
The Trump Administration put critical race theory on notice this month. The White House issued a directive outlawing the inclusion of exercises based on this theory in government training. “These types of ‘trainings’ not only run counter to the fundamental beliefs for which our Nation has stood since its inception, but they also engender division and resentment within the Federal workforce,” the directive declared. Read More
As deliberations continue in Congress over how to allocate another $1 trillion worth of stimulus money, governors and mayors say they need more than the $139 billion already allocated to their states in March to cover revenue shortfalls.
A total of $150 billion was allocated to help state, local and tribal governments with specific COVID-19 response programs. Read More
The U.S. Treasury has published a major report revealing that the federal government has amassed $103.7 trillion in debts, liabilities, and unfunded obligations. Read More
President Donald Trump and the Office of Management and Budget have completed another budget, this time for Fiscal Year 2021, that proposes $4.4 trillion of spending cuts over the next decade and reaching balance within 15 years. Read More
Americans have long suspected that, for many, a college degree simply isn’t worth the price. Read More