Trillions: A Primer on Federal Spending, Taxes, the U.S. Debt Ceiling, and Fiscal Law, is a concise, plain English explanation of federal spending, taxes, and debt including the interactions of the federal budget, authorization, appropriations, and tax processes. This book also includes two unique features—a quick overview of federal spending and taxes ("$7 trillion in 14 minutes") for media and others who need to understand the scope of federal activities; and a detailed explanation of recurrent fiscal crises over raising the statutory debt limit, which will again face the White House and Congress in 2025.

This primer provides an up-to-date, plain English explanation of the process that governs the federal budget including: annual appropriations, entitlement and other permanent laws enacted outside the appropriations process, the growing portion of the budget required to service the debt, and the trillions in revenues raised each year through individual, payroll, corporate, and other taxes and fees.

This book is relevant for Members of Congress and staff, federal agencies, attorneys, advocates, professors and students, the national news and business media, the business community and trade associations, nonprofits, and the curious public.