Question
Visit the Treasury Bulletin Web site (http://www.fms. treas.gov/bulletin) to determine the current size of the budget deficit and of the national debt. How have these figures changed, if at all, from the data in this textbook?
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Go to the Treasury Bulletin website: http://www.fms.treas.gov/bulletin Show more…
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Use the following CBO report to work. The budger deficit was about $\$ 1.1$ trillion in fiscal year $2012,$ CBO estimates. That is about $\$ 200$ billion smaller than in 2011 , but still ranks as the fourth-largest deficit since World War II. How was the budget deficit of 2012 influenced by the Fed's low interest rate policy?
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