US Deficit: Understanding the US Federal Deficit

The US federal deficit has been a hot topic in the news lately. There have been headlines about the deficit hitting $3.2 trillion in 2020 in the wake of the COVID-19 pandemic and political pundits talking about the deficit equalling the economy for the first time since World War II. And while all of that sounds impressive and slightly scary, wouldn’t it be great to know what that actually means?

What is the federal budget deficit?

Budget surplus vs. budget deficit

Current US deficit

Current federal interest rate

Difference between the US deficit and debt

The US deficit and COVID-19

What’s the impact and consequences of our federal debt?

Increase in the risk of government default

Increase of corporate debt offerings

Increased cost of borrowing

Loss of investment

What can you do?

Up to Us is a movement of a generation, for a generation. In the last 5 years we have engaged 100,000+ young adults around our nation’s fiscal challenges.