Federal Deficit and Debt: June 2021
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2021
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Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2021
According to the report, reaching primary balance would require a reduction of $255 billion in the projected deficit in 2015.
https://www.pgpf.org/analysis/cap-shows-what-it-might-take-to-balance-the-budget
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2021
“It’s rare to see bipartisan agreement on any issue, yet overwhelming majorities of American voters from both parties want their leaders to fully pay for this reconciliation package,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/08/fci-press-release
2012 Fiscal Summit Briefing Book: Fiscal Events, Facts, and Charts
https://www.pgpf.org/event/2012-fiscal-summit-briefing-book-fiscal-events-facts-and-charts
While proposals to raise the retirement age are intended to improve the financial health of the Social Security program, GAO finds that such changes could produce an opposite result, while also having an adverse impact on some of society’s most vulnerable members.
“This new CBO report shows that our national debt will reach a record level over the next decade," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Reconciliation provides for expedited consideration of certain legislation; its use is particularly important in the Senate because it limits the time allowed for debate and prevents the inclusion of non-budgetary provisions.
https://www.pgpf.org/budget-basics/what-is-budget-reconciliation
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year