Sunday, April 18, 2021
Business

Your Sunny Fiscal Update – WSJ

Your Sunny Fiscal Update - WSJ
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It barely gets a headline these days, but we thought readers might like to know that federal spending for the first nine months of fiscal 2020 hit a record $5.005 trillion. Congratulations to everyone, and especially young Americans. You’ll be paying for it the rest of your lives.

The Congressional Budget Office fiscal report for June says outlays rose 49% in the first nine months, or $1.649 trillion more than a year earlier. Most of this was due to the four coronavirus relief bills that Congress passed in recent months. Unemployment…



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