The Fiscal Election: What’s at Stake in This Election?
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
Starting in 2025, the president and Congress will confront a series of urgent deadlines and decision points. The choices our leaders make will determine how much families and businesses pay in taxes, whether or not there are automatic cuts to Social Security and Medicare, the affordability of healthcare under the ACA, and what to do about the debt ceiling. Undoubtedly, 2024 is a Fiscal Election.
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<a href="https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election">
</a><p><strong>The Fiscal Election</strong>, courtesy of <a href="https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election">Peter G. Peterson Foundation</a></p>Feel free to share this infographic on Twitter.
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Further Reading
The Fed Held Its Target Range For the Fourth Meeting in a Row but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
The U.S. Dollar Is the World’s Reserve Currency. Why Does That Matter?
The country’s unsustainable fiscal outlook threatens to diminish the dollar’s standing, which would have damaging fiscal and economic consequences for the United States.
Delaying Fiscal Reform is Costly, Annual Treasury Report Warns
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.