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At a hearing on the U.S. Economic Outlook for the Joint Economic Committee on November 13, Federal Reserve Chairman Jerome H. Powell expressed concern about America’s fiscal outlook and how it may affect our economic future.
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
There are three widely used measures of federal debt. What are the important differences between these measurements?
https://www.pgpf.org/blog/2019/11/how-much-is-the-national-debt-what-are-the-different-measures-used
“Reaching $23 trillion in debt on Halloween is a scary milestone for our economy and the next generation, but Washington shows no fear," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
In its annual report on income and poverty, the U.S. Census Bureau publishes data on national economic measures such as household income, earnings, wealth, employment, and poverty.
Yesterday, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight.
https://www.pgpf.org/blog/2019/10/What-Does-the-Fed-Rate-Cut-Mean-for-the-Economy-and-National-Debt
Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the Tax Cuts and Jobs Act (TCJA), though the stimulus effects of the latter are fading.
“Last year's deficit was nearly $1 trillion and it’s on track to continue to grow rapidly, so voters are rightfully concerned about what our fiscal outlook means for our future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/10/fci-press-release
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
“If we stay on this path, we’ll leave our kids and grandkids with diminished resources, opportunity and quality of life," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
