CBO Director: Economy Rebounding but the Fiscal Situation Leaves the U.S. Vulnerable
America's economic rebound from the pandemic seems to have begun, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.
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America's economic rebound from the pandemic seems to have begun, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.
CBO warns “high and rising debt would have serious negative consequences for the budget and the nation” in its new report.
https://www.pgpf.org/blog/2017/06/five-key-takeaways-from-the-cbo-budget-and-economic-outlook
Fitch Ratings recently downgraded the U.S. long-term credit rating from its top mark of AAA to AA+.
https://www.pgpf.org/blog/2023/08/what-the-fitch-downgrade-says-about-our-fiscal-challenges
CBO prepares what is known as an alternative fiscal scenario, which can be helpful in understanding a range of potential outcomes.
https://www.pgpf.org/blog/2019/09/what-is-an-alternative-fiscal-scenario
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
Responsible fiscal policy can play an important complementary role to monetary policy in helping to moderate inflation.
https://www.pgpf.org/blog/2023/03/how-can-fiscal-policy-help-reduce-inflation
As the Trump administration marks the 100 day milestone, a number of pressing fiscal issues remain to be resolved.
A newly updated report, prepared by Ernst & Young, reexamines the federal government's long-term fiscal outlook through the "fiscal gap" measure.
Federal Reserve Chair Jerome Powell, speaking in an interview, said that now is the time to start addressing our $34 trillion and rising national debt.
https://www.pgpf.org/blog/2024/02/fed-chair-powell-its-past-time-to-address-our-national-debt
At the first presidential debate, both candidates acknowledged the growing national debt, but voters want to hear more.