U.S. GDP to Fall 5.6% Due to Coronavirus, According to New CBO Projections
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.
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The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.
The total cost of the Tax Cuts and Job Act is estimated to be $1.7 trillion between 2018 and 2027.
https://www.pgpf.org/blog/2017/11/what-the-interest-on-deficit-funded-tax-legislation-would-cost
Federal debt will rise to 144 percent of GDP within 30 years — far exceeding its all-time high, and nearly doubling today's level.
https://www.pgpf.org/analysis/2019/06/cbo-warns-historic-debt-levels-pose-substantial-risks
Reconciliation provides for expedited consideration of certain legislation; its use is particularly important in the Senate because it limits the time allowed for debate and prevents the inclusion of non-budgetary provisions.
https://www.pgpf.org/budget-basics/what-is-budget-reconciliation
PGPF, Clinton Global Initiative University (CGI U), Net Impact announced "Up To Us," an innovative, year-long campus competition that will engage college students across the country in addressing America's fiscal and economic challenges.
https://www.pgpf.org/pgpf-programs-and-projects/up-to-us-campus-competition
“As our debt crosses $31 trillion, it’s past time for action," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“Today’s Fed action is an important reminder that interest rates do not remain low forever, and have significant implications for our national debt," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2022/03/peterson-foundation-statement-on-fed-action
If we regard the U.S. government as a firm, this firm is in a sticky situation in which the valuation of its cash flows is below the amount of its outstanding liability.
The lack of a long-term solution for federal funding for transportation creates uncertainty, which is disruptive for the planning of construction projects.
https://www.pgpf.org/budget-basics/more-stop-and-go-financing-of-highway-trust-fund
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.