News
CNN Money | Tallying the costs of the government shutdown
Tourist sites like national parks and the Smithsonian Museum were closed, reducing visitor spending by over $500 million. Preschool students in the Head Start program missed up to nine days of school, and nearly 1,400 workplace safety inspections were suspended, and will not be fully made up.
Econ Comments & Analysis
CRS | Votes on Measures to Adjust the Statutory Debt Limit, 1978 to Present
Almost all borrowing by the federal government is conducted by the Treasury Department, within the restrictions established by a single, statutory limit (ceiling) on the total amount of debt that may be outstanding at any time.
CBO | Monthly Budget Review—Summary for Fiscal Year 2013
The federal government incurred a budget deficit of $680 billion in fiscal year 2013, which was $409 billion less than the deficit in fiscal year 2012. The fiscal year that just ended marked the first since 2008 that the deficit was under $1 trillion. As a share of the nation’s gross domestic product (GDP), the deficit declined from 6.8 percent in 2012 to 4.1 percent in 2013.
