Statement on Congressional Budget Office's Budget and Economic Outlook
Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.
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Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.
“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/03/statement-on-cbos-2017-long-term-budget-outlook
Significant majorities of voters across party lines agree that a commission would strengthen Social Security, lower borrowing costs, and improve our economic outlook.
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
Today, the Congressional Budget Office released its Update to the Budget and Economic Outlook: 2015-2025, which projects that federal debt will rise to 77 percent of GDP in 2025, a historically high level of debt that threatens economic growth over the long term.
The nonpartisan CBO projects that the federal debt would reach 183% of GDP within 25 years.
https://www.pgpf.org/analysis/congressional-budget-offices-2014-long-term-budget-outlook
“As lawmakers rightly continue to pursue policies that help our nation respond to the immediate health and economic crisis, voters are also showing increased concern about our deteriorating fiscal outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/07/fci-press-release
The coronavirus (COVID-19) pandemic is an unprecedented national emergency requiring a significant federal response. This page provides resources and analysis, tracking the actions our leaders are taking to respond, and providing insights on the state of America’s fiscal and economic outlook during the recovery.
As the budget conference committee works towards a December 13th deadline, voters maintain a negative outlook on the country’s fiscal picture and call on policymakers to "spend more time" addressing the national debt.
https://www.pgpf.org/press-release/2013/11/fci-press-release
"A fiscal commission is most likely to succeed if the broader public is involved in the process," writes Sita Slavov.