top of page

National Deficit, Inflation Soars Despite ‘Inflation Reduction Act’

Star News Staff (Casey Harper), The Star News Network

The CBO released its deficit estimate which said the U.S. deficit hit about $1.5 trillion.

“Eleven months in, and we have already borrowed $1.5 trillion this fiscal year, compared to $946 billion at the same point last year,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in a statement. “On top of that dismal fiscal news, we still haven’t funded the government past the end of the month – Washington appears to be sticking to its time-honored tradition of governing poorly, and by perpetual crises.”

0 views0 comments
bottom of page