IMF Warns of Rising U.S. Debt
The IMF raises concerns that progress on important fiscal issues is being hampered by political dysfunction in Washington.
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The IMF raises concerns that progress on important fiscal issues is being hampered by political dysfunction in Washington.
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
The decline in purchasing power has important implications for the federal budget and our nation's infrastructure.
Lawmakers in the House and Senate are discussing a range of policies under what’s known as reconciliation. To their credit, they have pledged to offset the cost of the legislation, so that the bill won’t add to the country’s already unsustainable debt and deficits.
https://www.pgpf.org/blog/2021/10/heres-what-a-budget-gimmick-is-and-how-to-spot-one
The next president will face complex fiscal and economic realities.
https://www.pgpf.org/blog/2016/05/clinton-and-trump-advisors-talk-about-the-national-debt
Here are five key takeaways from the first CBO analysis to fully take into account the economic effects of the pandemic and the legislative response to it.
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
The nonpartisan Congressional Budget Office (CBO) released its 2019 Long-Term Budget Outlook, highlighting the significant fiscal challenges facing our nation.
https://www.pgpf.org/blog/2019/06/five-key-takeaways-from-the-cbo-long-term-outlook
Climate change and its effects already impose a cost on the American economy and the federal budget — and looking ahead, the impact could be even more significant.
https://www.pgpf.org/blog/2021/06/how-does-climate-change-affect-the-federal-budget
Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.