Can a New Congress — and a Divided Government — Make Progress on Fiscal Challenges?
A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
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A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
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
A newly updated report, prepared by Ernst & Young, reexamines the federal government's long-term fiscal outlook through the "fiscal gap" measure.
“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
The Peterson Foundation has prepared analysis based on those reports, illustrating the key data points with pertinent chart information.
https://www.pgpf.org/blog/2015-social-security-medicare-trustees-reports-charts-and-analysis
Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.
https://www.pgpf.org/blog/2023/08/how-does-inflation-affect-the-federal-budget
The Congressional Budget Office (CBO) released updated budget and economic projections, which incorporate the effects of higher interest rates, annual appropriations, and other recent legislative and economic developments.
At the first presidential debate, both candidates acknowledged the growing national debt, but voters want to hear more.
Our most popular charts from 2016 illustrate the nation's fiscal challenges in areas like defense spending, healthcare, and tax reform.
https://www.pgpf.org/blog/2016/12/top-7-fiscal-charts-from-2016