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For more information about America’s fiscal challenge and potential solutions, visit the Peter G. Peterson Foundation at www.pgpf.org. The following websites also provide a wealth of information on the U.S. budget and various policy areas.
The nation's long-term fiscal outlook is unsustainable. Publicly held debt currently equals 70 percent of gross domestic product, the most common measure of an economy's size.
Controlling our structural budget deficits will require major changes in budget policy.
The January 2013 fiscal cliff involves several components of tax cuts and spending provisions.
During the final debates, it's up to us to pay attention to how our presidential candidates’ plans could impact America's future. While the budget and economy were already major topics, the upcoming debates will highlight national security and a range of other issues — both foreign and domestic — that also have implications for our long-term fiscal health.
As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
Budget Explainer: What's at Stake with Discretionary Spending Cuts
PGPF Solutions Initiative plans from five think tanks show declining federal debt through 2037.
Sequestration is a process that cuts federal spending through across-the-board reductions.