Analysis
CBO Warns: Fiscal Outlook Remains Unsustainable
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
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Explainers
Complex Budget Terms and Processes — and Why They Matter
Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.
Analysis
Budget Process Reform Principles
Our fiscal imbalance crowds out priorities, threatens our economic health, increases the likelihood of a fiscal crisis in the future, and will inhibit our ability to deal with such a crisis if it comes.
Events
Remembering Pete Peterson
Foundation Chairman and CEO Michael Peterson opened the Summit by reflecting on the passing of his father, who established the Foundation in 2008 to help build a sustainable fiscal foundation for the nation to support economic growth and widely shared opportunity.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2018-fiscal-summit/remembering-pete-peterson
Explainers
Solutions to Our Long-Term Fiscal Challenges
Solutions to the fiscal challenge must be long-term, bipartisan budget solutions that can be implemented gradually. Discover some of the comprehensive plans proposed, as well as policy options for individual parts of the budget that merit consideration.
Explainers
Budget Process
Policymakers use the federal budget process to establish spending priorities and to determine who will pay for those activities.
https://www.pgpf.org/finding-solutions/understanding-the-budget/budget-process
Explainers
The Fiscal & Economic Challenge
Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
Explainers
What is a Congressional Budget Resolution?
A Congressional Budget Resolution is a “blueprint” that guides fiscal decision-making in the Congress.
Explainers
What is the Byrd Rule?
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
Explainers
Budget Basics: Spending
Federal spending is divided into two large categories — mandatory spending and discretionary spending. Learn how these categories have changed over time.
https://www.pgpf.org/finding-solutions/understanding-the-budget/spending