Happy Fiscal New Year?
For the third year in a row, Congress did not adopt a budget resolution.
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For the third year in a row, Congress did not adopt a budget resolution.
While the recession has technically ended, our economy is still suffering and far from completely recovered.
The Concord Coalition and The Peter G. Peterson Foundation today launched a national “Fiscal Solutions Tour” to foster informed public dialogue about possible answers to the nation’s daunting fiscal and economic challenges over the next decade and beyond.
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
The United States spends more on defense than the next 9 countries combined.
National security is both a vital priority and a significant part of the federal budget.
https://www.pgpf.org/infographic/infographic-the-facts-about-us-defense-spending
National debt could climb from 74% of GDP in 2014 to 166% of GDP in 2039.
https://www.pgpf.org/analysis/gao-sends-clear-warning-long-term-debt-is-on-an-unsustainable-path
Michael Peterson writes an op-ed in Roll Call about the fiscal issues that plague the U.S. in the new year.
https://www.pgpf.org/press-release/op-ed-new-fiscal-year-same-fiscal-problems
Even as Congressional leaders and the president discuss a potential temporary solution to the current stalemate over the government shutdown and the debt ceiling, the repeated cycle of lurching from crisis to crisis has significant and real costs to the U.S. economy.
https://www.pgpf.org/analysis/the-cost-of-crisis-driven-fiscal-policy
Recent budget reforms have not significantly improved the nation’s long-term fiscal outlook, according to a report released today by the Peter G. Peterson Foundation.