The Biden administration has opted not to tax state payments to residents, a decision that could add to the nation’s fiscal woes.
Tag: National Debt (US)
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U.S. Could Default on Debt as Early as Summer, New Estimate Says
The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.
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Burn Pit Program for Veterans Could Cost at Least $400 Billion, Agency Finds
In a report reviewing the nation’s budget outlook, Congress’s nonpartisan scorekeeper estimated that a veterans health program created last year would swell the federal deficit.
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U.S. on Track to Add $19 Trillion in New Debt Over 10 Years
Congressional Budget Office projections released on Wednesday suggested rising interest rates and bipartisan spending bills are adding to deficits, amid a partisan fight on fiscal policy.