A Grim Budgetary Outlook

“As President Joe Biden and Speaker Kevin McCarthy begin talks over the debt limit and federal spending, CBO reports that the nation’s fiscal outlook has grown slightly worse in recent months. This is going to make a bipartisan deal that much harder to reach,” Punchbowl News reports.

“The federal government took in just under $1.5 trillion during the first four months of FY2023 (October to January) while spending topped $1.9 trillion.”