GAO: Congress and Trump Administration Face Serious Fiscal Challenges
“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
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“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
The rising cost of drugs has significant implications not only for Americans who rely on medications, but also for our nation's budget and fiscal outlook.
While Congress has not taken steps toward reining in our high and rising national debt, lawmakers did address a couple of pending fiscal items.
Part of the problem when discussing America’s long-term debt is that it is often confused with short-term deficits.
https://www.pgpf.org/blog/2016/08/have-the-debt-and-deficits-gotten-better
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Significant damage was done to America’s fiscal outlook over the past year.
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
Since its establishment in 1935, Social Security has grown to become the largest program in the federal budget.
https://www.pgpf.org/blog/2023/02/social-security-reform-should-we-reduce-benefits