CBO Says Budget Deficit Will Hit $2.3 Trillion in 2021

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.

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President Biden Reinstates Race-Based ‘Diversity Training’ in the Federal Government

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.

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Commentary: Critical Race Theory Is Just the Tip of the Iceberg in Woke Government Training

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.

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Treasury Department: States, Local Governments Spend Only 25 Percent of CARES Act Subsidies

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.

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