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Here are the top ten spending categories for the federal budget.
Increasing the debt limit allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
The national debt has risen dramatically over the past year.
The growing debt is caused by a structural mismatch between spending and revenues.
The federal deficit is projected to decline in 2021, but is expected to remain high over the next decade
National security is both a vital priority and a significant part of the federal budget.
Reconciliation provides for expedited consideration of certain legislation; its use is particularly important in the Senate because it limits the time allowed for debate and prevents the inclusion of non-budgetary provisions.
Interest costs are projected to grow substantially.