March 29, 2017

Gas Prices Decline as US Dollar Appreciates

While the recent ascent in the price for a barrel of oil would suggest higher gas prices for American consumers, the ascent of oil in recent months has not correlated to an ascent in gas prices. Typically, a $10 rise in the price of oil results with a 24 cent increase in the price for […]

Federal Budget & Deficit Facts in April

During April, the federal government incurred a deficit of $40.5 billion, according to the monthly release [.pdf] from the Treasury Department. While this amount is less than the monthly deficit recorded in April of fiscal year 2010, the deficit recorded throughout fiscal year 2011 is greater than the deficit recorded at this point in fiscal […]

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 […]

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 […]