Summary: The USA budget YTD March 2022 hit $667B The USA continues to struggle with high inflation. The Fed target of 2% will be difficult challenge to achieved due to many issues facing the USA economy. State and local government local finances have stabilized. There needs to be comprehensive housing strategy that involves all levels of government and the private sector including adoption 3D printing, reducing the time/cost for permits, water strategy, urban vs rural strategy, and a focus on protecting the environment while growing the economy in a sustainable way. All levels of government must adopt better risks and crisis management reporting including annual audits.