The U.S. budget deficit surged this year, surpassing $1 trillion, and we’re not even halfway through the fiscal year! While government spending slightly decreased, it still far outpaced revenue, leading to a deficit of over $307 billion for February. We just saw another federal budget battle in Congress. Despite government shutdown threats, a continuing resolution was passed to fund the government until September. It seems our lawmakers just can’t stick to a spending diet!But why does federal overspending matter?In this special edition of This Week’s Economy, I offer a Federal Spending 101 lesson outlining key principles to tackle Congress’s bad financial habits. We need urgent spending reform to turn the economy around—and it’s time lawmakers start listening!For more insights, visit vanceginn.com and get even greater value with a subscription to my Substack newsletter at vanceginn.substack.com. 

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