This Fiscal New Year May Mark a Permanent Return to Trillion-Dollar Deficits
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.
The search found 206 results in 0.872 seconds.
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.
Let's take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.
https://www.pgpf.org/blog/2023/03/decade-in-review-looking-back-at-cbo-projections-then-and-now
The rising national debt carries substantial costs today and poses an even greater toll on America’s future.
Trump outlined some broad strokes of his budget proposal, but lawmakers and voters are anxious to see where the administration stands on a number of issues.
https://www.pgpf.org/blog/2017/03/the-fiscal-month-in-review-questions-about-policy-specifics-remain
Earlier this year, the United States once again hit its debt ceiling, which is currently capped at $31.4 trillion.
Part of the problem when discussing America’s long-term debt is that it is often confused with short-term deficits.
https://www.pgpf.org/blog/2016/08/have-the-debt-and-deficits-gotten-better
Over the next 10 years, the cumulative deficit would total $13.9 trillion if the President’s policies were carried out.
https://www.pgpf.org/blog/2021/09/deficits-will-remain-over-1-trillion-for-the-next-decade
The IMF estimates that real GDP in the United States will fall by 8 percent in 2020, according to the latest update to their World Economic Outlook report.
It's going to take at least a decade for the labor market to recover from the coronavirus pandemic, according to the latest data from the CBO.
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.