The Deficit Was Cut in Half in 2022 Thanks to the Expiration of Pandemic-Related Spending
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
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One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
PGPF has released a new infographic that illustrates the results from this year's Solutions Initiative III project on stabilizing our long-term fiscal outlook.
https://www.pgpf.org/blog/new-pgpf-infographic-solutions-do-exist
The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
Since its establishment in 1935, Social Security has grown to become the largest program in the federal budget.
https://www.pgpf.org/blog/2023/02/social-security-reform-should-we-reduce-benefits
Today, Peterson Foundation President & CEO Michael A. Peterson testified before the Senate Budget Committee on ways to reform the federal budget process.
The IMF raises concerns that progress on important fiscal issues is being hampered by political dysfunction in Washington.
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
On March 15, 2018 the federal government passed an unfortunate milestone: $21 trillion dollars in gross federal debt.
https://www.pgpf.org/blog/2018/04/the-national-debt-grew-by-1-trillion-in-just-six-months
The U.S. long-term fiscal outlook is notably worse than last year.
https://www.pgpf.org/blog/2023/04/five-troubling-takeaways-from-the-latest-cbo-report