The federal budget deficit for the 2021 fiscal year is nearly $1 trillion, and the debt is estimated at more than $24 trillion. And as emergency spending measures have been taken to fight COVID-19 — including assisting small businesses — the debt is only going to grow. But how much does that matter right now?
To learn more, The Show spoke to Robert Bixby. He is Executive Director of the Concord Coalition, a nonpartisan organization founded as a source of information about federal debt.