10 Charts that Show How the United States Failed to Improve Its Fiscal Outlook in 2023
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
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The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
https://www.pgpf.org/blog/2024/03/delaying-fiscal-reform-is-costly-annual-treasury-report-warns
Learn more about the Peter G. Peterson Foundation in our 2012-2014 Progress Report, which highlights our work over the past three years.
In 2017, Congress and the President enacted the Tax Cuts and Jobs Act (TCJA), which made significant changes to the tax code for individuals and corporations.
https://www.pgpf.org/blog/2024/03/the-next-fiscal-cliff-big-tax-decisions-to-make-in-2025
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
Average income among households in the lowest fifth of the income distribution was $21,900, while income for households in the highest fifth averaged $357,800.
https://www.pgpf.org/blog/2024/01/5-facts-about-rising-income-inequality-in-the-united-states
Significant majorities of voters across party lines agree that a commission would strengthen Social Security, lower borrowing costs, and improve our economic outlook.
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
A new report sheds light on budgets at the state level, grading performance and identifying best practices for improvement.
https://www.pgpf.org/blog/2019/02/state-budgets-also-face-tough-fiscal-challenges