Deficit Ballooned in Fiscal Year 2023

Special Guests: Marc Goldwein, Brian Riedl

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This week on Facing the Future, we looked at the final federal budget numbers for Fiscal Year 2023 and why the deficit shot up. Then we discussed President Biden’s $106 billion supplemental spending request for Ukraine, Israel and other international priorities. And finally, we heard from Brian Riedl of the Manhattan Institute and Marc Goldwein of the Committee for a Responsible Federal Budget on the threat of rising interest rates and the prospects for a new fiscal commission.

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