dailycaller
Kush Desai
Fact Check Reporter
10:31 PM 02/11/2018
[excerpt]
http://dailycaller.com/2018/02/11/fact-check-does-the-federal-government-borrow-1-million-every-minute/ Republican Sen. Rand Paul claimed Thursday that the federal government borrows $1 million every minute.
Verdict: True
The annual federal deficit has averaged more than $1 million per minute since fiscal year 2016 and is projected to reach around $2 million per minute in FY 2019.
Fact Check:
Congress passed a two-year budget deal early Friday morning. Although lawmakers still have to appropriate specific spending by late-March, the deal addressed spending priorities of both parties by hiking defense and domestic spending caps in addition to allocating $90 billion in disaster relief funding. The deal received bipartisan support in both houses of Congress, and President Donald Trump signed it later that morning.
