May 22, 2023
As President Biden and lawmakers scramble to strike a debt ceiling deal before the government runs out of money, each day counts — to the tune of about $17 billion. That’s how much the U.S. Treasury spends daily, on average, to keep the government functioning.
Author
Federal Policy Director
Related Reading
June 11, 2026
Mentioned Locations
California, Washington
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Tax research and policy news in your inbox.
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.
