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.
Debt held by the public totaled 97 percent of gross domestic product (GDP) at the end of 2022 and is on track to exceed its previous all-time high.
https://www.pgpf.org/blog/2023/10/why-history-shows-the-united-states-will-not-grow-out-of-its-debt
Unless addressed soon, the growing national debt will "seriously jeopardize and undermine the American economy," said former Secretary of Defense Leon Panetta.
The third presidential debate included a dedicated segment on the national debt, giving both candidates a chance to talk about their vision.
https://www.pgpf.org/blog/2016/10/what-the-candidates-said-about-the-debt
Up to Us kicks off at colleges and universities across the country, with three weeks of nonpartisan campaigns to raise awareness about the national debt.
https://www.pgpf.org/blog/2016/02/up-to-us-4th-annual-competition-kicks-off
Healthcare spending in the United States is rising, with serious implications for the federal budget.
Let’s look at the trends in discretionary spending, and how effective they are in reducing the debt.
https://www.pgpf.org/blog/2023/06/what-are-discretionary-spending-caps-and-do-they-work
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
A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
In around six years, the national debt will likely exceed its all-time high of 106 percent of gross domestic product (GDP), which occurred in 1946.