CBO Director: Economy Rebounding but the Fiscal Situation Leaves the U.S. Vulnerable
America's economic rebound from the pandemic seems to have begun, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.
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America's economic rebound from the pandemic seems to have begun, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.
The paper examines the close linkage between America's fiscal health and economic performance.
https://www.pgpf.org/blog/pgpf-special-report-fiscal-balancing-act
An analysis of the findings, and the official Foundation statement from President and CEO Michael A. Peterson.
https://www.pgpf.org/blog/pgpf-analysis-statement-on-cbo-january-2016-budget-economic-outlook
Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.
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 finds that under the President’s budget, debt would remain at historically high levels over the next ten years.
https://www.pgpf.org/blog/cbo-analysis-of-the-presidents-fy-2016-budget
A new report sheds light on budgets at the state level, grading performance and identifying best practices for improvement.
https://www.pgpf.org/blog/2019/02/state-budgets-also-face-tough-fiscal-challenges
It’s important for lawmakers to consider the many available policy options for improving that outlook.
https://www.pgpf.org/blog/2018/12/121-ways-we-can-reduce-the-deficit-according-to-cbo
Tax expenditures cost the government about $1.5 trillion each year, more than the budget of any agency or major spending program.
Unless addressed soon, the growing national debt will "seriously jeopardize and undermine the American economy," said former Secretary of Defense Leon Panetta.