March was a busy month for fiscal news, with headlines primarily dominated by debate surrounding the American Health Care Act (AHCA).
A lack of Congressional consensus led to the AHCA stalling in the House of Representatives, and the Trump administration signaled that it would look to move on to tax reform and infrastructure.
The end of March brought the latest report on our long-term fiscal outlook from the Congressional Budget Office (CBO). The non-partisan CBO warns that our national debt is on an unsustainable upward trend, projected to climb to 150% of GDP by 2047 — by far an all-time high. Read Michael Peterson’s statement and the Peterson Foundation analysis of the report.
As lawmakers look pursue a range of policy priorities, there are a number of fiscal concerns on the calendar over the coming months: