Resources

Fed Facts

Index of Economic Freedom
The United States index of economic freedom score is currently 78.0, making its economy the 8th freest in the 2010 index (source: the Heritage Foundation and The Wall Street Journal).
Federal Deficit Spending
Overall federal deficit spending is projected to be $3.834 trillion in 2011. (U.S. Federal Budget Fact Sheet)
Gross Debt Undeflated
The gross debt in billions undeflated in 1910 was 2.6 while that figure has soared to an estimated 14, 456.3 billions undeflated in 2010 (source: Office of Management and Budget, Historical Tables).
Gross Debt Through The Years
In 1970, our country’s gross debt was 37.6 percent of gross domestic product, while in 2010 it is estimated to be 99.8 percent (source: Office of Management and Budget, Historical Tables).
Gross Domestic Product
The U.S. gross domestic product (GDP) is currently $14. 2 trillion dollars. Unemployment is currently 9.4 percent. Inflation is currently 3.8 percent.
Unemployment
The economy has lost 8.4 million jobs since recession struck in December 2007 (source: Reuters)
Federal Reserves
There are twelve Federal Reserve Banks in each of the twelve Federal Reserve Districts In chronological order by district, these run: Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, San Francisco.
Fiscal Year
The Government Fiscal Year runs from Oct. 1 through Sept. 30. Why? The Congressional Budget and Impoundment Control Act of 1974 allowed Congress more time to arrive at a budget each year and provided for what is known as the "transitional quarter."
US Economy
The U.S. has the world’s largest economy. Services account for nearly two thirds of economic activity, but the U.S. is also the world’s largest producer of manufactured goods and fourth-largest producer of agricultural products.