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The 116th Congress also marks a return to divided government with the Senate controlled by Republicans and the House by Democrats. This new landscape in Washington means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
“Instead of governing by crisis and brinksmanship, our leaders should work collaboratively to address the major structural challenges in our budget," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
https://www.pgpf.org/press-release/2018/12/peterson-foundation-statement-on-government-shutdown
Although a return to a normalized interest environment is a good sign for the overall strength of the economy, rate increases will make it more expensive for families and the government to borrow.
There are three widely used measures of federal debt. What are the important differences between these measurements?
https://www.pgpf.org/blog/2018/12/how-much-is-the-national-debt-what-are-the-different-measures-used
The federal deficit is growing during a period of economic expansion — a pattern that is highly unusual.
https://www.pgpf.org/blog/2018/12/the-risks-of-running-up-deficits-when-the-economy-is-good
Higher short- and long-term Treasury rates mean that the federal government’s borrowing costs will also rise, thereby generating significant consequences for the budget and the national debt.
It’s important for lawmakers to consider the many available policy options for improving that outlook.
https://www.pgpf.org/blog/2018/12/121-ways-we-can-reduce-the-deficit-according-to-cbo
Significant damage was done to America’s fiscal outlook over the past year.
“It’s unfortunate that even the Committee’s draft package of modest recommendations failed to advance. Significant work remains to address America’s fiscal challenges and the Committee’s proposals could have been a small step in the right direction to improve our budget process." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
Programs that millions of Americans depend on and care about may be feeling a squeeze from interest costs on our high and rising national debt.
