The Politics of the Federal Budget

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David Wessel dissects the federal budget, a subject that is fiercely debated in the halls of Congress and in the media, yet is misunderstood by the American public. In Red Ink: Inside the High-Stakes Politics of the Federal Budget, Wessel looks at the 2011 fiscal year to see where all the money was actually spent, and why the budget process has grown so far out of control.