Fed Chair Powell Encourages Congress to Address Rising Debt before Next Downturn
Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
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Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
There are separate limits on the amount of funding that can be provided for defense and nondefense purposes through the appropriation process.
https://www.pgpf.org/blog/2018/03/budget-process-reform-what-are-budget-caps
The federal deficit is growing during a period of economic expansion — a pattern that is highly unusual.
https://www.pgpf.org/blog/2018/12/the-risks-of-running-up-deficits-when-the-economy-is-good
The latest OMB report marks the first time that the administration has acknowledged that deficits will surpass $1 trillion in the near term.
https://www.pgpf.org/blog/2018/07/trump-administration-acknowledges-trillion-dollar-deficits
For the third successive year, student teams have joined Up to Us, a unique nationwide campus competition that gives young leaders a voice on fiscal issues.
https://www.pgpf.org/blog/3rd-annual-up-to-us-campus-competition-doubles-in-size
Since March 15, more than 65 million claims for regular unemployment insurance have been filed due to COVID-19. Find weekly updated statistics here.
This past weekend's edition of PBS TV's "The Open Mind" welcomed PGPF President and CEO Michael A. Peterson for a half-hour interview.
https://www.pgpf.org/blog/michael-peterson-interview-on-pbs-the-open-mind
CBO updated its budget projections this week, confirming that for the first year since 2009, deficits as a share of GDP are on the rise again.
https://www.pgpf.org/blog/2016/08/three-key-takeaways-from-the-updated-budget-projections
Recent news stories have highlighted the good news that very near-term deficits are decreasing. That good news, unfortunately, will be short-lived.
https://www.pgpf.org/blog/2014/02/good-news-about-improving-deficits-will-be-short-lived
Members of the United States House of Representatives and Senate return to Washington to face a number of important policy decisions and deadlines.
https://www.pgpf.org/blog/2018/09/with-election-looming-congress-returns-to-full-agenda