GAO: Congress and Trump Administration Face Serious Fiscal Challenges
“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
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“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
While nearly all Americans pay taxes, the composition of the type of taxes paid is very different for taxpayers at various points in the income distribution.
https://www.pgpf.org/blog/2020/07/how-does-the-tax-system-work
The Congressional Budget Office's latest Budget and Economic Outlook provides sobering new evidence that our nation's fiscal policies are on an unsustainable and uncertain path.
https://www.pgpf.org/analysis/analysis-of-cbo%E2%80%99s-budget-outlook-fiscal-years-2012-2022
The Fiscal Confidence Index moved slightly in a positive direction following the election, due in part to a significant increase in the expectations of Republicans that progress will be made on the national debt in the next few years.
https://www.pgpf.org/press-release/2016/11/fci-press-release
As Election Day approaches, the nation’s fiscal health remains a top concern for voters.
https://www.pgpf.org/press-release/2016/10/fci-press-release
“Today’s Fed action is an important reminder that interest rates do not remain low forever, and have significant implications for our national debt," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2022/03/peterson-foundation-statement-on-fed-action
The budget projections from the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.
In 2022, America faces key questions about rising inflation, new COVID variants, growing national debt and an uncertain economic recovery. To help shed light on a complex set of factors and indicators, the Peterson Foundation brought together two leading experts for the latest edition of the Economic Forum.
“This CBO score is the latest evidence that this bill needs to be improved as it moves through the legislative process," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2019