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The words debt and deficit come up frequently in debates about the policy decisions that lawmakers face. The two concepts are similar, but are often confused.
https://www.pgpf.org/blog/2024/02/debt-vs-deficits-whats-the-difference
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for February 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-february-2023
"Too often in recent years, Washington has largely governed by crisis. No area better reflects the pressure of constant crisis than the federal budget," writes Leon E. Panetta
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
The Peter G. Peterson Foundation is joining with POLITICO to present the inaugural series of Morning Money Breakfast Briefings, hosted by POLITICO’s Chief Economic Correspondent, Ben White.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2023
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
https://www.pgpf.org/blog/2024/03/delaying-fiscal-reform-is-costly-annual-treasury-report-warns
An analysis by the Peter G. Peterson Foundation that looks at all spending — and not just non-exempt spending — has found that the scale of reductions next year resulting from the sequestration will be more heavily weighted towards defense cuts.
https://www.pgpf.org/analysis/the-office-of-management-and-budgets-sequestration-reportan-analysis
Based on the Trustees’ projections, combined Social Security benefits could be cut by 20 percent in 2035 without legislative action
https://www.pgpf.org/chart-archive/0246_social-security-20-percent-cut