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Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2021, charted out monthly and on a year-over-year basis.
Transfers from programs like Medicaid, CHIP, and SNAP represent an increasing share of income for low to middle income groups.
Federal outlays for highways and mass transit are projected to continue outstripping the revenues that finance them.
CBO projects that interest rates will remain low throughout the decade.
SNAP benefits supplement household incomes to help lift people out of poverty.
SNAP spending sharply increased in response to the COVID-19 pandemic, but is projected to decline below historical levels over the next decade.
The majority of SNAP beneficiaries are people from vulnerable populations.
“NYC Small Biz: Open + Online,” a new initiative to help small businesses to participate in the growing digital economy, was launched today by the NYC Small Business Resource Network (SBRN), a unique public-private partnership among the New York City Economic Development Corporation, the Peter G. Peterson Foundation, the five borough Chambers of Commerce, NYC Department of Small Business Services and the Partnership for New York City.
“Bipartisanship is important, and so is our $28 trillion national debt. Working across the aisle to address important needs of our nation is an essential component of a functioning democracy." said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.