Infographic: President Biden and Congress Face a Range of Complex and Urgent Policy Issues
Defeating COVID-19 and putting our economy on a path to recovery continue to be the most pressing priorities for our nation. At the same time, our fiscal outlook has worsened considerably — and once the pandemic is over, lawmakers will need to return to managing our historically high national debt. Below is a look at the fiscal and economic landscape that policymakers will inherit.
Further Reading
Quarterly Treasury Refunding Statement: Borrowing Could Rise Soon
The U.S. Treasury has signaled its intention to add $1.4 trillion in new debt between July and December.
What Are Interest Costs on the National Debt?
Interest costs are on track to become the second largest category of spending in the federal budget.
7 Charts That Illustrate America’s Growing Fiscal Stress
America’s fiscal situation is daunting, with key budgetary warning signs and hurdles approaching in the near term.