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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
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.
A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.
https://www.pgpf.org/blog/2019/09/what-is-a-continuing-resolution
Spending on children is shrinking as a percent of GDP.
https://www.pgpf.org/blog/2019/09/how-much-government-spending-goes-to-children
To account for the continuation of current policies, CBO also prepares what is known as an alternative fiscal scenario (AFS), which can be helpful for lawmakers and the general public in understanding a range of potential outcomes.
https://www.pgpf.org/blog/2019/09/what-is-an-alternative-fiscal-scenario
