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Peter G. Peterson releases a statement on President Obama's address to a joint session of Congress.
“As America’s leaders consider costly new spending proposals and tax cuts, today’s CBO report is a timely reality check," Michael A. Peterson, CEO of the Peter G. Peterson Foundation
https://www.pgpf.org/press-release/2019/06/Peterson-Foundation-long-term-budget-outlook
The Peter G. Peterson Foundation releases a statement on the agreement to raise the debt ceiling.
U.S. defense spending increased substantially from 2018 to 2019 relative to other countries.
CBO projects that the deficit for 2019 will be $960 billion. That’s $63 billion (or 7 percent) above its estimate from just three months ago.
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade according to projections by The Congressional Budget Office (CBO).
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.
https://www.pgpf.org/blog/2019/10/four-reasons-why-a-government-shutdown-is-harmful
Peter G. Peterson releases a statement on news reports on White House and Congress discussions.
Debt held by the public would reach record levels relative to the size of the economy within the next two decades, and possibly as soon as 2032 — just 13 years from now.
The Peter G. Peterson Foundation releases a statement on CBO outlook.