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The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [83] Interest on the debt was $404 billion.
15.0% of GDP [1] Website. BUDGET OF THE U.S. GOVERNMENT. ‹ 2019. 2021 ›. The United States federal budget for fiscal year 2020 ran from October 1, 2019 to September 30, 2020. The government was initially funded through a series of two temporary continuing resolutions. The final funding package was passed as two consolidated spending bills ...
For most governments around the world, the majority of government spending takes place at the federal/national level. As of 2019, in the United States, approximately 55% of government spending is spent by the federal government, while the remaining 45% of government spending is spent by state and local government.
The 2018 North American cold wave takes place, with record low temperatures in the Midwestern and Eastern United States. Times Square in New York City has a temperature of 9 °F (−13 °C), with −4 °F (−20 °C) wind chill, [1] in addition to Omaha having a temperature of −15 °F (−26 °C) on December 30, 2017, lower than the previous ...
The best and worst 10% remain unchanged from their 2018 poll (top five: F. D. Roosevelt, Lincoln, Washington, T. Roosevelt, Jefferson; bottom five: Andrew Johnson, Buchanan, Trump, Harding, Pierce). 41% of the scholars polled said that if a president were to be added to Mount Rushmore, it should be FDR. 63% believed that the president should be ...
Income gini coefficient map according to the World Bank (2018). Higher Income Gini Index for a nation in this map implies more income inequality among its people. The United States has the highest level of income inequality in the Western world, according to a 2018 study by the United Nations Special Rapporteur on extreme poverty and human ...
The 2018 United States elections were held on Tuesday, November 6, 2018. These midterm elections occurred during Incumbent Republican President Donald Trump's term. Although the Republican Party increased its majority in the Senate, unified Republican control of Congress and the White House was brought to an end when the Democratic Party won control of the House of Representatives in what was ...
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