Charts
Jun 16, 2021
Rising Federal Deficits
The federal deficit is projected to decline in 2021, but is expected to remain high over the next decade
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Blog Posts
Jun 15, 2021
President Biden’s Budget Calls for Increased Spending on Education, Housing, Veterans, and More
President Biden’s request for discretionary funding for next year (fiscal year 2022) would substantially increase funding for nondefense programs, particularly in the Departments of Education, Health and Human Services, Housing and Urban Development, and Veterans Affairs.
Programs & Projects
Jun 10, 2021
Federal Deficit and Debt: May 2021
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2021
Blog Posts
Jun 7, 2021
Investment vs. Consumption: How Well are We Preparing for Our Future?
The United States currently faces a range of complex challenges including deteriorating infrastructure, a changing climate, and an inadequate system of education.
Blog Posts
Jun 4, 2021
What Is the Difference Between a Corporation and a Pass-Through Business — and Why Does It Matter for Our Economy and Budget?
When most Americans think about businesses in this country, the word “corporation” may come to mind — but the truth is that the vast majority of businesses in the United States are not structured as traditional corporations, but as pass-through entities.
Blog Posts
Jun 2, 2021
National Debt to Measure Nearly Double the Size of the Economy in 30 Years
The COVID-19 pandemic has led to a considerable increase in spending — but our long-term debt was already on an unsustainable path.
Blog Posts
May 28, 2021
President Biden's Budget Would Pay for New Spending — But Doesn't Address the Debt He Inherited
The President’s budget for fiscal year 2022 calls for a large increase in nondefense discretionary spending next year as well as substantial spending for infrastructure and social programs over the upcoming decade.
Press Releases & Statements
May 28, 2021
Peterson Foundation Statement on Biden Administration’s Budget Proposal
“As our nation continues to recover from the pandemic, this budget proposal outlines significant investments aimed at addressing a range of national challenges," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Press Releases & Statements
May 25, 2021
As Talks Continue on Major Legislation, Americans want Fiscal Responsibility
“In the last month alone, the concerns about our growing national debt have spiked meaningfully,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/05/fci-press-release
Blog Posts
May 24, 2021
How Does Climate Change Affect the Federal Budget?
Climate change and its effects already impose a cost on the American economy and the federal budget — and looking ahead, the impact could be even more significant.
https://www.pgpf.org/blog/2021/06/how-does-climate-change-affect-the-federal-budget