The Two Reasons Long-Term Economic Growth Will Slow
While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
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While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
The country’s fiscal trajectory got notably worse over the past year.
Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).
https://www.pgpf.org/blog/2022/12/the-rising-national-debt-drives-up-interest-rates
Federal spending for international affairs, which supports American diplomacy and development aid, is a small portion of the U.S. budget.
https://www.pgpf.org/blog/2024/04/how-much-does-the-government-spend-on-international-affairs
A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
CBO warns “high and rising debt would have serious negative consequences for the budget and the nation” in its new report.
https://www.pgpf.org/blog/2017/06/five-key-takeaways-from-the-cbo-budget-and-economic-outlook
Significant majorities of voters across party lines agree that a commission would strengthen Social Security, lower borrowing costs, and improve our economic outlook.
Here are five key takeaways from CBO’s latest projections that show the path of federal revenues, spending, and debt through 2050.
https://www.pgpf.org/blog/2020/09/new-cbo-report-pandemic-accelerates-existing-fiscal-challenges
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
America's economic rebound from the pandemic seems to have begun, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.