The Lame-Duck Congress and the 116th Congress Have Some Key Fiscal Issues on their Agenda
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
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There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.
There are many critical differences between our two nations, but are there lessons to be learned by US policymakers from the UK predicament?
https://www.pgpf.org/blog/2022/10/does-uk-crisis-hold-fiscal-economic-lessons-for-us-policymakers
Federal programs that invest in children are not only critical to the health and well-being of the youngest Americans, but they can also provide long-term benefits to the nation’s economy.
An analysis of the findings, and the official Foundation statement from President and CEO Michael A. Peterson.
https://www.pgpf.org/blog/pgpf-analysis-statement-on-cbo-january-2016-budget-economic-outlook
The nation’s high and rising levels of debt can affect economic growth and pose a number of risks.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.
https://www.pgpf.org/blog/2017/10/federal-budget-deficits-rising-even-before-tax-cuts
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 federal government’s fiscal path is unsustainable," warns the Government Accountability Office.