The nonpartisan Congressional Budget Office revealed that the federal government under President Biden has spent nearly $1 trillion in the first seven months of FY2023.
Fox News correspondent Gillian Turner has the details on FBI Director Christopher Wray facing House panel over 2024 budget request on 'Special Report.'has run a near-$1 trillion federal deficit in the"first seven months of fiscal year 2023."federal deficitThe nonpartisan agency found that in the first seven months of FY2023 alone, the federal government has racked up $928,000,000,000.
"Outlays this fiscal year were reduced by the shifting of certain payments—totaling $63 billion—from October 1, 2022 , into fiscal year 2022 because October 1 fell on a weekend," the agency wrote. The economy will likely be a major factor in 2024 as Biden will likely have to face questions on high inflation and other economic issues facing his presidency. A newfound that 54% of American adults believe Trump did a"better job" handling the economy during his administration, compared to 36% who said Biden is handling the economy better.
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