Federal Deficit

The federal deficit is the measure of how much more the government spent than it took in. The federal deficit stood at $984 billion on October 2019, and the total deficit is approximately $21 trillion. source
TRENDING NEWS:
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Senator Mitt Romney received from Delta Air Lines: $15k, American Physical Therapy Assn: $10k, Thermo Fisher Scientific: $10k, plus $38.5k from others on Federal Deficit
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President Joseph Biden received from National Nurses United: $5k, Amalgamated Transit Union: $5k, International Assn of Fire Fighters: $5k, plus $7.7k from others on Federal Deficit
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DETAILS:

FOR Republicans

Republican strategies include a mandatory balanced budget at the end of each spending year and cutting funding for ineffective programs and projects. source

FOR Democrats

Democrats focus on increasing revenue to fund the various government expenditures. Generally, this involves higher taxes on wealthy businesses, ending tax breaks for those who earn over $250,000, and regulating various aspects of government.

LOBBYIST:

  • Company
  • National Beer Wholesalers Assn
  • Lockheed Martin
  • American Bankers Assn
  • Honeywell International
  • Northrop Grumman
  • National Air Traffic Controllers Assn
  • Credit Union National Assn
  • Deloitte LLP
  • American Assn for Justice
  • American Hospital Assn