The federal budget is more than just a collection of numbers; it is a reflection of our nation’s values and priorities — a statement of the future we hope to build for ourselves.
The President’s State of the Union Address and his 2013 budget proposal set the stage for fiscal discussions with Congress unfolding throughout the year — discussions that will have far-reaching effects on America’s economic and fiscal future. Against this backdrop, the Congressional Budget Office will release its official projections of the federal government’s finances over the next 10 years and beyond, including the levels of debt and deficits that future generations will have to contend with. Jumpstarting the current economic recovery is clearly a priority, but policymakers also need to consider how their choices will affect the economy in 20-30 years’ time.
Important decisions lie ahead — including how the President and Congress will respond to the spending restrictions contained in last year’s Budget Control Act, and whether lawmakers can agree on a comprehensive plan to improve America’s long-term fiscal outlook and lay a foundation for a strong American economy for decades to come.
Keep checking back here to see the latest budget releases and learn how they will affect America’s fiscal future.
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