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    IMF Warns of Rising U.S. Debt

    Last week, the International Monetary Fund (IMF) warned that the United States faces long-term fiscal challenges that policymakers must address. In the Concluding Statement of its 2015 Article IV Consultation with the United States, the IMF writes that “public finances in the U.S. remain on an unsustainable path." The IMF raises concerns that progress on important fiscal issues is being hampered by political dysfunction in Washington, which “creates a level of fiscal uncertainty that is damaging to the U.S.


    Federal Budget Process: A Primer

    The budget of the U.S. Government is developed according to principles and statutory requirements defined by the Constitution and subsequent laws, including the Budget and Accounting Act of 1921, which established the executive budget process, and the Congressional Budget and Impoundment Control Act of 1974, which defined the congressional budget process. Further federal budgeting laws followed to help the Congress and the President manage the budget process and enforce budget decisions.



The national debt threatens our economy — but there’s still time to secure our future. Learn more, and ask the 2016 candidates for their fiscal plan.


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