Millennial Debt Foundation Founder Weston Wamp released the following statement after the Treasury Department reported that the federal government incurred the biggest monthly budget deficit in history in June. The Treasury Department reported Monday that the deficit hit $864 billion last month, surpassing the previous monthly deficit record of $738 billion in April.
About the Millennial Debt Foundation
The Millennial Debt Foundation was created in mid-2019 to lead a generational conversation about fiscal stewardship, the role of the federal government and America’s deficit spending crisis. Inspired by the work of its early supporter, former U.S. Senator Tom Coburn, M.D., the foundation’s first major project is the Millennial Debt Commission. The commission is made up of 16 millennial business leaders from across the country working toward a framework for long-term deficit reduction. The Millennial Debt Foundation is a Tennessee-based 501(c)(3) funded by private donors and the Lynde and Harry Bradley Foundation.