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These charts illustrate some of the biggest fiscal policy stories from 2017.
https://www.pgpf.org/blog/2017/12/ten-charts-that-sum-up-this-year-in-fiscal-news
In her final press conference as chair of the Federal Reserve, Janet Yellen said that she was “personally concerned about the U.S. debt situation” and how it may limit the government’s ability to respond to future recessions.
Independent analyses agree unanimously that either bill would add significantly to the growing national debt.
https://www.pgpf.org/blog/2017/12/poll-voters-say-that-tax-reform-shouldn%E2%80%99t-grow-the-debt
"Unfortunately, this budget paves the way for $1.5 trillion in higher deficits, plus interest," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.
https://www.pgpf.org/blog/2017/10/federal-budget-deficits-rising-even-before-tax-cuts
Debates over the debt ceiling and government shutdowns can be confusing, particularly in years when lawmakers must fund the government and raise the debt limit around the same time.
There's ongoing discussion in Washington about making changes to Medicaid. Learn more about the program.
https://www.pgpf.org/blog/2017/07/five-things-you-probably-dont-know-about-medicaid
Social Security and Medicare affect nearly every American at some point in their lives.
Federal Reserve Chair Janet Yellen emphasized the need for lawmakers to consider for the rising national debt — and its unsustainable trajectory — when considering policy choices.
https://www.pgpf.org/blog/2017/07/yellen-congress-should-factor-national-debt-into-policy-decisions
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.
https://www.pgpf.org/blog/2017/06/five-key-takeaways-from-the-cbo-budget-and-economic-outlook