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What's New: Advocacy

A Fiscal Note

Tuesday, October 23, 2018  
The federal government ended fiscal year 2018 on September 30 with a $779 billion deficit. All increases to federal programs, however, were in single digits. Interest payments on the national debt increased by almost 24%, which translates into a $324.7 billion expense in the FY 2018 budget. With interest payments becoming a significant part of the federal budget, there is less money for infrastructure and other programs. Congress will have to make increasingly tough choices on what programs get money.

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