What You Can Do about the National Debt
Find out how to take action to address our fiscal challenges and ensure we have a strong fiscal foundation and growing economy.
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Find out how to take action to address our fiscal challenges and ensure we have a strong fiscal foundation and growing economy.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2024, charted out monthly and on a year-over-year basis.
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
Increasing the debt ceiling allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
There are three widely used measures of federal debt. What are the important differences between these measurements?
https://www.pgpf.org/blog/2024/04/how-much-is-the-national-debt-what-are-the-different-measures-used
“Today’s Trustees reports drive home the fact that the clock is ticking down on automatic cuts to Social Security and Medicare," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/05/peterson-foundation-statement-on-2024-trustees-reports
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
https://www.pgpf.org/blog/2024/05/social-security-and-medicare-are-facing-serious-shortfalls
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
In light of the growing urgency of the climate crisis, many lawmakers, advocacy groups, and American citizens are calling for the government to undertake policies to more comprehensively address climate change.
https://www.pgpf.org/budget-basics/what-is-a-carbon-tax-how-would-it-affect-the-economy
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/2024/03/what-is-a-continuing-resolution