5. Obtain a copy of the current Economic Report of the President and find out the current...

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5. Obtain a copy of the current Economic Report of the President and find out the current U.S. government deficit and tax receipts. Then obtain the Bulletin of the Federal Reserve System and find out the remittances from the Federal Reserve Sys¬ tem to the U.S. Treasury. What fraction of U.S. government revenue is made up of remittances from the Federal Reserve Sys¬ tem? What fraction of the U.S. govern¬ ment deficit? What fraction of the U.S. government debt does the Fed hold?

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