February 25, 2017

Inflation Continues for US Dollar in April

During April, the descending trend of the US dollar continued, with a 0.4% increase in the consumer price index, according to data [.pdf] released today from the Labor Department. The consumer price index measures adjustments in the prices of common goods and is a key indicator for inflation. April marked the tenth consecutive month with […]

Federal Budget Facts March 2011

During March, the federal government recorded a monthly deficit of $188 billion, according to the monthly budget results [.pdf] released today from the US Treasury. This brings the federal deficit for fiscal year 2011, which began in October, to a total of $829 billion. At the same point in fiscal year 2010, the federal deficit […]

February Deficit Reaches Record High

During February, the federal government recorded a deficit of $222.5 billion, according to the monthly statement [.pdf] released today from the Treasury Department. Expenditures of the federal government totaled $333.2 billion, whereas receipts totaled $110.7 billion, resulting with the highest monthly deficit on record. Despite this historic fact, the highest monthly deficit for each fiscal […]

Both Parties Propose Minor Budget Reductions

While Republicans and Democrats agree on the necessity for the federal government to spend less, the question that remains is how to spend less. Within the past week, each party proposed reductions to the federal budget. Republicans in the House passed a bill yesterday with budget reductions for the current fiscal year, while President Obama […]

Federal Budget Facts January 2011

During January, the federal government recorded a deficit of $50 billion, according to the monthly balance sheet [.pdf] released today from the Treasury Department. Last January, the monthly deficit was $43 billion, reflecting a $7 billion increase (or a 14% increase) in January 2011. While the deficit grew faster in January 2011 than in 2010, […]

Federal Debt Breaks $14 Trillion

Last week, the federal deficit exceeded $14 trillion, according to the US Treasury’s most recent statement [.pdf]. This total includes public debt, which is currently $9.4 trillion, as well as intragovernmental holdings, which are $4.6 trillion. Public debt refers to when the government sells bonds or other forms of debt to the public, whereas intragovernmental […]

December Budget Facts

During December, the federal government recorded a deficit of $80 billion, according to the monthly balance sheet [.pdf] released today from the US Treasury. This brings the total deficit for the first quarter of fiscal year 2011, which began in October, to $371 billion. At the end of the first quarter of fiscal year 2010, […]

Debt Ceiling Facts

With Congress set to reconvene this Wednesday, the first major task of the 112th Congress will regard the debt ceiling. The federal debt ceiling is a statutory mechanism first enacted in 1917 to limit the total debt of the federal government. Total debt is measured with the sum of two factors. First, the amount of […]