Big news about money and the government! The government's spending plans might change how much it borrows. This affects how much things cost, even things that aren't directly related to the government!
- The Federal Reserve, which controls money, might slow down some of its actions.
- A government official said they aren't planning to borrow a lot of money right now.
- This could make borrowing money a bit cheaper.
- But, the government might need to borrow more money in the future because of tax cuts.
Thing | What's happening |
---|---|
Government borrowing | Might slow down, then go up later. |
Tax cuts | Could cost the government a lot of money. |
Federal Reserve | Might change its actions based on government plans. |