Thank you.

So, very.

On the campaign trail, presidential candidates Kamala Harris and Donald Trump have been making some big promises.

My administration will provide first-time homebuyers with $25,000.

And getting gasoline below $2 a gallon,

we will be able to build our military again.

The United States will provide more than one and a half billion dollars to address

Ukraine's humanitarian and energy needs.

My plan will leave the typical family with many thousands of dollars more than they have right now.

Affordable child care, affordable elder care and paid family leave.

We will end all taxes on overtime.

No tax on tips.

A $50,000 tax deduction for startup businesses.

All these promises cost money. More money than the U.S. brings in.

So the starting place that we're at is in the red,

a place where we're spending more money than we're taking in.

And both candidates are pushing in the direction of widening that gap even further.

That's our colleague Richard Rubin.

He's talking about the budget deficit, which currently stands at $1.8 trillion.

Meaning last fiscal year, the U.S. spent 1.8 trillion dollars more than it

collected in revenue. But the deficit isn't a priority for the presidential

candidates. And yet yet it does matter. Rich says

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