Final Report on Federal Budget: No Big Changes

AccountingWeb has tracked a number of stories over the past few months on Congress and the President's battles over the Federal budget.

Based on recent reports, now that the budget year ended Nov. 20, not balancing the budget really isn't so terrible, after all. Among the focus is how Social Security was protected, albeit concern by Republicans and Democrats on securing the senior vote next year.

Also under tremendous scrutiny was the proposed Republican tax cut of $792 billion. Still, because no major changes occurred, Federal debt continued to decline, something most Americans enjoy.