Understanding Complex Budget Terms and Processes: What is the Byrd Rule?
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
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The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
The budget projections from the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.
The Peter G. Peterson Foundation today launched a multi-platform online awareness campaign spotlighting the federal government's $56.4 trillion in financial obligations and unfunded promises.
https://www.pgpf.org/press-release/peterson-foundation-launches-tax-day-awareness-campaign
As the nation edges closer to the fiscal cliff, a group of distinguished defense, economic and foreign policy leaders today issued an urgent call to address the U.S. fiscal situation, identifying our national debt as "the single greatest threat to our national security."
Peter G. Peterson releases a statement on President Obama's address to a joint session of Congress.
As Raimondo examined Rhode Island’s retirement system during her first months in office, it became clear that pension plans for state employees and teachers were unsustainable.
https://www.pgpf.org/pgpf-programs-and-projects/gina-raimondo-rhode-island-general-treasurer
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.
https://www.pgpf.org/analysis/2023/06/debt-ceiling-update-whats-at-stake
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.