5 Ways Congress Fell Short in Spending Your Money in 2017

As 2017 comes to a close, it’s worth remembering that America’s mountain of debt continues to grow. Here are five key facts about federal spending in 2017 to remember: 1. The deficit reached $666 billion. 666 is known by many as the number of the beast in the book of Revelation in the New Testament. In… Please follow and like us:

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National debt tops $20 trillion for first time

The federal government racked up $318 billion in new debt Friday, putting it over the $20 trillion mark for the first time in U.S. history, according to new Treasury Department numbers. The total outstanding federal public debt now stands at $20.162 trillion. The spike came after Congress on Friday approved a new debt holiday, allowing the… Please follow and like us:

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Congress returns to a bruising agenda of must-do items and deepening discord

WASHINGTON — Congress returns Tuesday to a bruising September agenda of must-do items and deepening discord with the White House, leaving the Republican majority’s hopes for advancing its once-ambitious legislative priorities all but out of reach. Rather than emerging from the monthlong summer break with renewed legislative purpose, Republicans are approaching the weeks ahead, and its… Please follow and like us:

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US credit rating at risk if debt limit is not raised in a ‘timely manner,’ Fitch warns

WASHINGTON — The nation’s credit rating is at risk if the $19.9 trillion debt limit is not raised “in a timely manner” before the Treasury runs out of cash in October, Fitch Ratings warned on Wednesday. “Brinkmanship over the debt limit could ultimately have rating consequences, as failure to raise it would jeopardize the Treasury’s ability… Please follow and like us:

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Republicans Face Imminent Debt Limit Crisis

Congress is getting closer to the can it kicked down the road in November 2015 when it suspended the debt limit — then $18.1 trillion. Lawmakers ordered the limit to rise to whatever the debt level was in March of this year. Since then, the Treasury Department has been taking “extraordinary measures” to ensure that it… Please follow and like us:

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