FISCAL BLOG

With the election in the rearview mirror, a number of important fiscal and economic policy issues continued to simmer throughout November.

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Tax expenditures cost the government about $1.5 trillion each year, more than the budget of any agency or major spending program, including Social Security, Medicare, and the Department of Defense.

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Following the election, voters across the political spectrum want to see the national debt addressed by the next president and Congress.

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A continuing resolution is stopgap spending bill that funds the federal government when lawmakers can't agree on the full-year appropriation bills before the close of the fiscal year.

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A new report from Ernst & Young examines the U.S. government’s current financial situation.

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Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year. America’s leaders have an opportunity to show leadership in early 2017 by addressing the nation’s long-term fiscal challenges.

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A newly updated report, prepared by Ernst & Young (EY) for the Peter G. Peterson Foundation, reexamines the federal government’s long-term fiscal outlook through the “fiscal gap” measure.

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Debt was raised at the debates, but the candidates missed the opportunity to lat out their visions.

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As the hard-fought campaign season comes to its conclusion — and as both presidential candidates were asked about their plans to address the debt in the final presidential debate — voters of all political stripes agree strongly that the national debt needs to be a major priority for the country’s leadership.

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Last night’s debate third and final presidential debate included a dedicated segment on the national debt, giving both candidates a chance to talk about their vision for addressing America’s long-term fiscal challenges.

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COALITION FOR FISCAL AND NATIONAL SECURITY

A new statement urging policymakers to stabilize our national debt and renew and rebalance our national security strategies.

THE TAX REFORM OPPORTUNITY

Video: Our tax code is complex, unfair, and insufficient. Learn more about the opportunity we have to reform and improve tax policy.