What would it take to balance the federal budget? (2024)

February 8, Audio: "To balance the federal budget, government revenue must meet or exceed government spending. That’s happened only twice in the past half-century: President Lyndon Johnson did it in 1969, and President Bill Clinton from 1998 to 2001. These days, the federal budget is far from balanced. The federal government has spent $421 billion more than it has collected in fiscal year 2023. Higher interest rates make paying off that debt even more challenging." Listen Via Marketplace

What would it take to balance the federal budget? (2024)
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