Tax Revenue Is Down, Spending Is Up, And The Deficit Is Bigger

The NPR Politics Podcast

NPR

Daily News, News, Politics

4.4 • 25.7K Ratings

🗓️ 14 July 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The federal government's deficit nearly tripled in the first nine months of the fiscal year, a surge that's bound to raise concerns about the country's rising debt levels.

And NPR spoke with young voters from rural North Carolina about the issues on their mind.

This episode: White House correspondent Tamara Keith, national political correspondent Mara Liasson, and chief economics correspondent Scott Horsley, politics reporter Ximena Bustillo, and politics reporter Elena Moore.

The podcast is produced by Elena Moore and Casey Morell. Our editor is Eric McDaniel. Our executive producer is Muthoni Muturi.

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Transcript

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0:00.0	This is Reeve Off from San Jose, California, and I'm with my soon to be six-year-old daughter, Jatsiya.
0:05.0	Hi, I'm here.
0:07.0	She just finished her first one-kilometer freestyle swim. We're about to celebrate with ice cream.
0:12.2	This podcast was recorded at...
0:14.5	12.47 pm Eastern time on Friday, July 14th.
0:18.4	Things may have changed by the time you hear it. Would we'll still be practicing for the swim to Alcatraz?
0:23.2	Enjoy the show!
0:24.5	This one to Alcatraz, it's so cold!
0:31.3	Hey there, it's the NPR Politics Podcast. I'm Tamra Keith. I cover the White House.
0:35.6	I'm Mara Lianson, National Political Correspondent.
0:38.5	And NPR's Chief Economics Correspondent, Scott Horsley, is here. Hello, Scott.
0:43.2	Great to be with you.
0:44.5	The president is emphasizing the economy as the heart of his reelection campaign,
0:49.8	and so are his allies. It's all part of the Bidenomics push.
0:55.3	Bidenomics is driving competition and choice.
0:59.1	It shows that the president's policies Bidenomics is working. Bidenomics is working.
1:05.4	Yes, look. Bidenomics is working.
1:09.2	That's advisor Ali Zadi, acting Labor Secretary Julie Sue, Michigan Governor,
1:14.4	Gretchen Whitmer, and of course the big guy himself.
1:17.5	And taking ownership of the economy comes with some risks.
1:21.0	The federal deficit nearly tripled in the first nine months of the fiscal year,
1:25.7	compared to the same period last year, that adds nearly $1.4 trillion to the national debt.
	...

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