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Deficit. $3.132 trillion (actual)[1] 15.0% of GDP[1] Website. BUDGET OF THE U.S. GOVERNMENT. ‹ 2019. 2021›. The United States federal budgetfor fiscal year2020 ran from October 1, 2019 to September 30, 2020. The government was initially funded through a series of two temporary continuing resolutions.
The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
A balanced budget requirement is a law that requires a government to balance its budget annually, such that government spending equals government revenue. [26] There are two types of balanced budget requirements: ex-post balanced budget requirements, and ex-ante balanced budget requirements.
WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and ...
A number of writers have alleged that the United States Central Intelligence Agency (CIA) was involved in the Nicaraguan Contras ' cocaine trafficking operations during the 1980s Nicaraguan civil war. These claims have led to investigations by the United States government, including hearings and reports by the United States House of ...
Federal spending per capita (that is, per person in the U.S.) was approximately $11,551 during 2011, versus $6,338 in 2000. Adjusted for inflation, these amounts were $5,133 in 2011 and $3,496 in 2000. Adjusted for inflation, federal spending per person remained around $3,500 throughout the 1990s.
2020 United States House of Representatives elections: Republicans make gains although Democrats retain control. 2020 United States gubernatorial elections: Republicans flip Montana, increasing their control to 27 gubernatorial mansions. Post-election lawsuits related to the 2020 United States presidential election.
The 2020 United States elections were held on Tuesday, November 3, 2020. The Democratic Party's nominee, former vice president Joe Biden, defeated incumbent Republican president Donald Trump in the presidential election. Despite losing seats in the House of Representatives, Democrats retained control of the House and gained control of the Senate.