Economic Growth Rates in 2019 Are on Track to be Lower than in 2018
Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the TCJA, though the stimulus effects of the latter are fading.
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Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the TCJA, though the stimulus effects of the latter are fading.
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
The amount spent by the federal government on interest is large and growing. Net interest will become the third largest "program" in the budget by 2025.
Overall healthcare costs — including all private and public spending — are anticipated to rise by an average of 5.5 percent per year over the next decade.
Although a return to a normalized interest environment is a good sign for the strength of the economy, rate increases will make it more expensive to borrow.
As Congress prepares to reconvene next week, lawmakers prepare for conflicts over the approaching fiscal year end.
https://www.pgpf.org/blog/2016/08/this-month-in-fiscal-news-august-2016
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.