PGPF Analysis of "Fiscal Cliff" Deal
Recent budget reforms have not significantly improved the nation’s long-term fiscal outlook, according to a report released today by the Peter G. Peterson Foundation.
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Recent budget reforms have not significantly improved the nation’s long-term fiscal outlook, according to a report released today by the Peter G. Peterson Foundation.
High inflation breeds instability, raising the risk of both higher interest rates and recession.
CBO’s report is the latest warning sign about the dire fiscal outlook.
Let's take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
https://www.pgpf.org/blog/2023/08/how-does-the-treasury-issue-debt
The CBO provides two projections of the nation's fiscal future over the next 75 years: one based upon laws currently on the books; and one that reflects selected changes to those laws that lawmakers are widely expected to make.
https://www.pgpf.org/analysis/cbo-releases-the-2010-long-term-budget-outlook
“As the national debt races toward $34 trillion, policymakers remain mired in short-term budget battles that do nothing to improve our fiscal outlook,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/11/fci-press-release
"When the dominoes of our national debt fall, young Americans will be the ones left to pick up the pieces," writes Heidi Heitkamp.
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
Attitudes about the national debt remained consistently low throughout 2015, as the Fiscal Confidence Index ranged between 45 and 52, demonstrating that even as short-term deficits improved, our long-term fiscal challenges remain a major concern to voters.
https://www.pgpf.org/press-release/2015/12/fci-press-release