How Much Funding do State and Local Governments Receive from the Federal Government?
Over the last four decades, federal grants to state and local governments have made up about 17 percent of their total revenues.
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Over the last four decades, federal grants to state and local governments have made up about 17 percent of their total revenues.
The recent volatility in interest rates show that breaching the debt ceiling could make federal borrowing much more expensive.
There are three widely used measures of federal debt. What are the important differences between these measurements?
https://www.pgpf.org/blog/2024/04/how-much-is-the-national-debt-what-are-the-different-measures-used
The nation’s high and rising levels of debt can affect economic growth and pose a number of risks.
Here are six key takeaways from CBO’s latest Long-Term Budget Outlook projections.
Did you know that the federal government is the direct lender for nearly all student loans in the U.S., lending trillions of dollars to millions of borrowers to help increase access to higher education?
https://www.pgpf.org/blog/2022/06/how-do-federal-student-loans-affect-the-national-debt
GAO projects debt held by the public would more than double over the next 30 years.
Federal Reserve Chair Jerome Powell, speaking in an interview, said that now is the time to start addressing our $34 trillion and rising national debt.
https://www.pgpf.org/blog/2024/02/fed-chair-powell-its-past-time-to-address-our-national-debt
Due to the COVID-19 pandemic and the resulting monetary policy response, short-term interest rates are currently near zero and longer-term rates are historically low.
https://www.pgpf.org/blog/2021/08/how-will-interest-rate-changes-affect-federal-debt-and-deficits
The amount spent by the federal government on interest is large and growing. Net interest will become the third largest "program" in the budget by 2025.