CBO Warns: Fiscal Outlook Remains Unsustainable
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
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Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/03/statement-on-cbos-2017-long-term-budget-outlook
The Peter G. Peterson Foundation’s 2011 Fiscal Summit featured results from the Foundation’s Solutions Initiative and sparked ongoing conversations between thought leaders and policymakers about bipartisan solutions to our nation’s long-term fiscal challenge.
The president and Congress must reach a compromise that reconciles their disagreements before September 30, or else they will risk a partial government shutdown.
https://www.pgpf.org/analysis/comparing-the-congressional-and-presidential-budgets
Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.
The federal budget is on an unsustainable and damaging fiscal trajectory, according to a new report from the nonpartisan Congressional Budget Office.
https://www.pgpf.org/analysis/2019/02/cbo-report-highlights-unsustainable-fiscal-outlook
"A fiscal commission will not obviate lawmakers’ responsibility to make hard choices, but it will make those choices easier to understand and explain to voters," writes Mark Zandi
https://www.pgpf.org/expert-views/fiscal-commission/a-way-to-brighten-americas-dark-fiscal-outlook
Foundation President Michael A. Peterson releases a statement on CBO's long-term budget outlook.
Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of budget results for fiscal year 2014 by Treasury Secretary Jacob Lew and Office of Management and Budget Director Shaun Donovan.
While countries continue to recover from the crisis, the international fiscal outlook has not substantially improved.
https://www.pgpf.org/analysis/fiscal-monitor-series-navigating-the-fiscal-challenges