Blog Posts
Mar 27, 2019
Why Fiscal Space Matters
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
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Blog Posts
Mar 11, 2019
The President's Budget Reduces Debt a Little, But Only If Growth Is Rosier than Projected
Although the budget would achieve some deficit reduction on paper under the administration’s calculations, it fails to address the key drivers of our long-term debt and relies on overly-optimistic assumptions for economic growth.
Analysis
Feb 28, 2019
Debt Ceiling Update: What’s at Stake
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences for both the federal government and the economy.
https://www.pgpf.org/analysis/2019/02/debt-ceiling-update-whats-at-stake
Blog Posts
Feb 19, 2019
State Budgets Also Face Tough Fiscal Challenges
The 50 U.S. states pull in over $2 trillion in revenue each year and, along with local governments, employ nearly 20 million people. A new report sheds light on budgets at the state level, grading performance and identifying best practices for improvement.
https://www.pgpf.org/blog/2019/02/state-budgets-also-face-tough-fiscal-challenges
Analysis
Feb 1, 2019
CBO Report Highlights Unsustainable Fiscal Outlook
The federal budget is on an unsustainable and damaging fiscal trajectory, according to a new report from the non-partisan Congressional Budget Office.
https://www.pgpf.org/analysis/2019/02/cbo-report-highlights-unsustainable-fiscal-outlook
Blog Posts
Jan 28, 2019
Five Charts that Summarize CBO’s Budget and Economic Outlook
Despite a growing economy and low unemployment, federal budget deficits are projected to grow over the next 10 years.
https://www.pgpf.org/blog/2019/01/five-charts-that-summarize-cbos-budget-and-economic-outlook
Blog Posts
Jan 11, 2019
Here Are Some Ways the Shutdown Is Hurting Americans and the Economy
Since the shutdown began, about 800,000 federal employees have been furloughed or are working without pay.
https://www.pgpf.org/blog/2019/01/damage-caused-by-the-shutdown
Blog Posts
Jan 4, 2019
The House is returning to PAYGO
Budget process rules like PAYGO help ensure that fiscal considerations are an important part of policymaking.
https://www.pgpf.org/blog/2019/01/the-house-is-returning-to-PAYGO
Blog Posts
Jan 2, 2019
Can a New Congress — and a Divided Government — Make Progress on Fiscal Challenges?
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.
Blog Posts
Dec 21, 2018
Rising Interest Rates Will Affect Everything from Mortgages to National Debt
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.