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Here are the top ten spending categories for the federal budget.
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences for both the federal government and the economy.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
The United States spent $725 billion on national defense during fiscal year (FY) 2020 according to the Office of Management and Budget, which amounts to 11 percent of federal spending.
SNAP benefits supplement household incomes to help lift people out of poverty.
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
SNAP spending sharply increased in response to the COVID-19 pandemic, but is projected to decline below historical levels over the next decade.