The U.S. Fiscal Outlook Has Gotten Worse Over the Past Year — Here’s Why
The country’s fiscal trajectory got notably worse over the past year.
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The country’s fiscal trajectory got notably worse over the past year.
Debt was raised at the debates, but the candidates missed the opportunity to lat out their visions.
https://www.pgpf.org/blog/2016/10/fiscal-news-for-october-and-the-month-ahead
With a divided government, an opportunity exists for lawmakers to seek and find common ground on the nation’s pressing fiscal and economic challenges.
As CBO celebrates its 40th anniversary, there is a key opportunity for policymakers to reaffirm their support for the independence of this agency.
https://www.pgpf.org/blog/analysis-congressional-budget-offices-40th-anniversary
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.
https://www.pgpf.org/blog/2024/01/growing-momentum-for-a-fiscal-commission-in-congress
Federal programs that invest in children are not only critical to the health and well-being of the youngest Americans, but they can also provide long-term benefits to the nation’s economy.
It’s important for lawmakers to consider the many available policy options for improving that outlook.
https://www.pgpf.org/blog/2018/12/121-ways-we-can-reduce-the-deficit-according-to-cbo
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