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The rising cost of prescription drugs is a key driver of overall healthcare spending in the U.S. This trend has significant implications not only for Americans who rely on medications, but also for our nation’s budget and fiscal outlook.
At a hearing on the U.S. Economic Outlook for the Joint Economic Committee on November 13, Federal Reserve Chairman Jerome H. Powell expressed concern about America’s fiscal outlook and how it may affect our economic future.
This week, the Peterson Foundation joined with the Financial Times to launch a new monthly poll examining Americans’ outlook on the state of the economy and the national debt.
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
There are three widely used measures of federal debt. What are the important differences between these measurements?
https://www.pgpf.org/blog/2019/11/how-much-is-the-national-debt-what-are-the-different-measures-used
In its annual report on income and poverty, the U.S. Census Bureau publishes data on national economic measures such as household income, earnings, wealth, employment, and poverty.
Yesterday, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight.
https://www.pgpf.org/blog/2019/10/What-Does-the-Fed-Rate-Cut-Mean-for-the-Economy-and-National-Debt
Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the Tax Cuts and Jobs Act (TCJA), though the stimulus effects of the latter are fading.
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.
https://www.pgpf.org/blog/2019/10/four-reasons-why-a-government-shutdown-is-harmful
The United States currently faces a range of complex challenges including deteriorating infrastructure, a changing climate, and an inadequate system of education.
