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Treasury Offset Program to the Rescue

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  • Barbara Flowers

Abstract

The federal government and some state governments run budget deficits. Persistent budget deficits can become burdensome debt. The Treasury Offset Program provides revenue for the federal government and state governments that can augment their budgets. In addition, the program helps taxpayers by forcing individuals and corporations with delinquent taxes to pay their fair share, and it helps custodial parents and guardians receive support to help raise the children in their charge.

Suggested Citation

  • Barbara Flowers, 2017. "Treasury Offset Program to the Rescue," Page One Economics Newsletter, Federal Reserve Bank of St. Louis, pages 1-8, October.
    • Handle: RePEc:fip:fedlpo:00033
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