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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.


https://www.pgpf.org/the-fiscal-and-economic-challenge

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.


https://www.pgpf.org/finding-solutions

Explainers



Key Drivers of the National Debt

Many factors contribute to the long-term outlook for the U.S. economy and budget, but there are two major drivers of spending: demographics and rising healthcare costs.


https://www.pgpf.org/the-fiscal-and-economic-challenge/drivers

Explainers



Budget Basics: Balanced Budget Amendment — Pros & Cons

What is a balanced budget amendment to the Constitution, and how would it work in practice?


https://www.pgpf.org/budget-basics/balanced-budget-amendment-pros-and-cons

Explainers



Reforming the Budget Process

By focusing fiscal policymaking more squarely on the long term and providing better tools to help enforce budget agreements over time, budget process reform could encourage long-term fiscal sustainability.


https://www.pgpf.org/finding-solutions/budget-process-reforms

Explainers



Comprehensive Plans to Address the National Debt

Policy leaders and experts across the political spectrum have put forward a number of comprehensive plans to reduce America’s long-term debt and lay a strong foundation for future economic growth.


https://www.pgpf.org/finding-solutions/comprehensive-plans

Press Releases & Statements

Statement on CBO's 2017 Long-Term Budget Outlook

“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.


https://www.pgpf.org/press-release/2017/03/statement-on-cbo-2017-long-term-budget-outlook

Explainers



What is a Congressional Budget Resolution?

A Congressional Budget Resolution is a “blueprint” that guides fiscal decision-making in the Congress.


https://www.pgpf.org/budget-basics/understanding-complex-budget-terms-and-processes-and-why-they-matter/what-is-a-congressional-budget-resolution

Explainers



What is the Byrd Rule?

The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.


https://www.pgpf.org/budget-basics/understanding-complex-budget-terms-and-processes-and-why-they-matter/what-is-the-byrd-rule

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