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
What Is Fiscal Dominance?
Fiscal dominance occurs when the national debt — and especially high interest costs — forces the hand of monetary policymakers.
How Does Labor Supply Impact the Fiscal Outlook?
Labor supply plays a central role in the United States’ fiscal outlook and currently stands at a turning point.
The Fed Held Its Target Range For the Fifth Meeting in a Row but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.