CBO warns that the “high and rising debt would have serious negative consequences for the budget and the nation,” including reduced incomes for families, an increased likelihood of financial crisis, and decreased flexibility for lawmakers when responding to unexpected challenges.
Trump outlined some broad strokes of his budget proposal on February 27, but lawmakers and voters are anxious to see where the administration stands on a number of key budgetary issues.
As a new president and Congress get to work on their policy priorities for 2017, there is one issue that affects all others: the nation’s unsustainable long-term fiscal outlook.
The contentious budget battles of recent years have contributed to a decline in the public’s faith in the political system. A new report suggests a way forward.
