This book Red Ink: Inside the High-Stakes Politics of the Federal Budget, written by David Wessel, provides a readable format for readers with or without specific financial background to briefly understand the whole picture of the federal budget.
The book consists of five chapters. In the first chapter, Wessel began with, as a reporter, a scene that the president was about to give a speech on federal budget for next fiscal year, guiding readers to understanding the real issues about federal budget the U.S. government was facing. These serious issues came with bond face, including the fact that the amount of defense and healthcare spending was great, that the Americans are actually paying less portion of their income in tax than other…