Rebuilding Trust Is Key for Policymakers to Rise above Partisan Differences
"When it comes time to start looking under the sofa cushions for savings, Congress should treat direct spending and tax expenditures equally," writes Betsey Stevenson.
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"When it comes time to start looking under the sofa cushions for savings, Congress should treat direct spending and tax expenditures equally," writes Betsey Stevenson.
A strong fiscal outlook is an essential foundation for a growing, thriving economy.
https://www.pgpf.org/infographic/infographic-how-does-the-national-debt-affect-the-economy
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2023
The Peterson Foundation’s 2012 Fiscal Summit features the nation’s leading experts and elected officials in discussions about the fiscal, economic, and political crossroads facing the country.
https://www.pgpf.org/press-release/2012/05/peterson-foundation-to-convene-3rd-annual-fiscal-summit
As America crosses the unfortunate milestone of $20 trillion in national debt for the first time, voters are increasingly concerned about the fiscal condition of the country.
https://www.pgpf.org/press-release/2017/09/fci-press-release
A large, comprehensive plan that addresses our long-term structural deficits is clearly the best way forward for America’s future economy. However, more modest proposals, which would begin to take meaningful steps towards putting our debt on a sustainable path, would also be worthwhile.
https://www.pgpf.org/budget-basics/budget-conference-committee-fiscal-options-are-available
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
Increasing the debt ceiling allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
While the last minute passage of a continuing resolution avoided a government shutdown, the relief may be only temporary.
https://www.pgpf.org/analysis/2016/10/happy-fiscal-new-year-2017
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.