FISCAL BLOG

Tax expenditures cost the government about $1.5 trillion each year, more than the budget of any agency or major spending program, including Social Security, Medicare, and the Department of Defense.

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A new report from Ernst & Young examines the U.S. government’s current financial situation.

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Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year. America’s leaders have an opportunity to show leadership in early 2017 by addressing the nation’s long-term fiscal challenges.

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A newly updated report, prepared by Ernst & Young (EY) for the Peter G. Peterson Foundation, reexamines the federal government’s long-term fiscal outlook through the “fiscal gap” measure.

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Debt was raised at the debates, but the candidates missed the opportunity to lat out their visions.

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Last night’s debate third and final presidential debate included a dedicated segment on the national debt, giving both candidates a chance to talk about their vision for addressing America’s long-term fiscal challenges.

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Here are some important questions that the moderator could ask at the final debate to start the conversation about our nation’s most pressing fiscal concerns.

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Polls show that voters are concerned about the nation’s fiscal health and would like to hear substantive plans from the candidates.

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Stopgap legislation may keep the government operating in the short term, but lawmakers face a series of additional budgetary challenges in coming weeks and months.

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At the first presidential debate, both candidates acknowledged the growing national debt, but voters want to hear more.

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Ten Year Report

A decade of work addressing America's fiscal challenges to secure a healthy, growing economy.

FISCAL ISSUES ILLUSTRATED

This series of infographics helps put some of today's most pressing fiscal debates in context.