Chart of the Week: Net interest costs on national debt to rise
Soaring from $255 billion in 2016 to $830 billion in 2026.
https://www.pgpf.org/blog/2016/02/chart-of-the-week-net-interest-costs-on-national-debt-to-rise
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Soaring from $255 billion in 2016 to $830 billion in 2026.
https://www.pgpf.org/blog/2016/02/chart-of-the-week-net-interest-costs-on-national-debt-to-rise
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
https://www.pgpf.org/blog/2024/03/delaying-fiscal-reform-is-costly-annual-treasury-report-warns
The economic recovery is expected to continue and gross domestic product (GDP) will return to its pre-pandemic level by the middle of this year, according to the latest data from the Congressional Budget Office (CBO).
https://www.pgpf.org/blog/2021/02/new-projections-for-unemployment-gdp-inflation-and-interest-rates
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
On November 10, 2023, Moody’s Investors Service lowered its outlook on the United States’ credit rating from “stable” to “negative.”
In FY23 the federal government officially incurred a budget deficit of $1.7 trillion — about $320 billion higher than last year's amount.
https://www.pgpf.org/blog/2023/12/americas-underlying-deficit-doubled-in-fiscal-year-2023
The U.S. is experiencing an unusual and concerning phenomenon — the annual deficit is high even though the unemployment rate is low.
https://www.pgpf.org/blog/2023/12/why-is-the-federal-deficit-high-if-unemployment-is-low
Significant majorities of voters across party lines agree that a commission would strengthen Social Security, lower borrowing costs, and improve our economic outlook.
As the nation continues to battle the devastating effects of the pandemic, new data from the Bureau of Economic Analysis (BEA) shows a sharp drop in the rate of economic growth at the end of last year, while the nation’s economy overall remains significantly below pre-pandemic levels.
https://www.pgpf.org/blog/2021/01/q4-gdp-continues-to-grow-though-at-a-much-slower-pace