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Explainers
The Highway Trust Fund Explained

Although the need for serious, long-term changes to the funding structure of the Highway Trust Fund is clear, there is disagreement over the approach to do so.

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February 22, 2024
Explainers
What Is the Earned Income Tax Credit?

The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.

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February 21, 2024
Blog Posts
Debt vs. Deficits: What's the Difference?

The words debt and deficit come up frequently in debates about the policy decisions that lawmakers face. The two concepts are similar, but are often confused.

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February 15, 2024
Blog Posts
What is the Primary Deficit?

The primary deficit focuses on the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.

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February 14, 2024
Analysis
Top 10 Reasons Why the National Debt Matters

At $34 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.

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February 12, 2024
Blog Posts
What Is the National Debt Costing Us?

Programs that millions of Americans depend on and care about may be feeling a squeeze from interest costs on our high and rising national debt.

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February 9, 2024
Blog Posts
Any Way You Look at It, Interest Costs Will Soon Be at an All-Time High

The most recent projections from CBO confirm once again that America’s fiscal outlook is on an unsustainable path — increasingly driven by higher interest costs.

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February 8, 2024
Press Releases & Statements
Peterson Foundation Statement on New CBO Report

"Today’s CBO projections are the latest loud and clear warning about America’s unsustainable national debt," said Michael A. Peterson.

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February 7, 2024
Blog Posts
CBO’s Projections Indicate Our Fiscal Trajectory Remains Unsustainable

CBO’s report is the latest warning sign about the dire fiscal outlook.

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February 7, 2024
Blog Posts
Fed Chair Powell: It’s Past Time to Address our National Debt

Federal Reserve Chair Jerome Powell, speaking in an interview, said that now is the time to start addressing our $34 trillion and rising national debt.

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February 5, 2024
Explainers
How Do States Pay for Medicaid?

Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.

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February 5, 2024
Blog Posts
92% of Voters More Likely to Support Candidates Backing a Fiscal Commission

Significant majorities of voters across party lines agree that a commission would strengthen Social Security, lower borrowing costs, and improve our economic outlook.

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January 25, 2024
Blog Posts
Investing in Kids Promotes Healthy Children, More Productive Adults, and a Stronger Fiscal Foundation

Federal programs that invest in children are not only critical to the health and well-being of the youngest Americans, but they can also provide long-term benefits to the nation’s economy.

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January 25, 2024
Press Releases & Statements
As Fiscal Confidence Index Remains Low, New Polling Shows Overwhelming Bipartisan Support for Fiscal Commission

“As the 2024 campaign heats up, voters are calling on candidates to show leadership by backing a fiscal commission to address our unsustainable national debt,” said Michael A. Peterson.

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January 25, 2024
Blog Posts
How Would the Tax Relief for American Families and Workers Act Change Federal Tax Law?

The Tax Relief for American Families and Workers Act is estimated to cost about $400 million over 10 years.

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January 24, 2024
Blog Posts
What is a Continuing Resolution?

A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.

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January 19, 2024
Blog Posts
Continuing Resolutions Are Stopgap Measures — But Now We Average Five a Year

One of the most fundamental responsibilities of the federal government is to set and pass a budget every year, allocating funding towards the nation’s needs and priorities.

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January 19, 2024
Press Releases & Statements
Peterson Foundation Statement on Fiscal Commission Bill Passing House Budget Committee

"Committee passage of the Fiscal Commission Act is an important step toward a comprehensive approach to stabilizing our rapidly growing national debt," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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January 18, 2024
Blog Posts
What Is the SALT Cap?

The deduction of state and local tax payments (known as SALT) from federal income taxes has been a subject of debate among economists and policymakers over the past few years — with significant implications for our budget and fiscal outlook.

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January 12, 2024
Blog Posts
Growing Momentum for a Fiscal Commission in Congress

A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.

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January 9, 2024
Blog Posts
5 Facts About Rising Income Inequality in the United States

Average income among households in the lowest fifth of the income distribution was $21,900, while income for households in the highest fifth averaged $357,800.

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January 5, 2024
Press Releases & Statements
As New Year Begins, 8 in 10 Voters Call on Washington to Prioritize Reducing National Debt

“Sadly, we rung in the new year reaching a new record milestone of $34 trillion in national debt,” said Michael A. Peterson.

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January 5, 2024
Explainers
Budget Basics: Tax Expenditures

Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.

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January 4, 2024
Blog Posts
Why Are Americans Paying More for Healthcare?

High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.

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January 3, 2024
Blog Posts
Moody’s Lowers U.S. Credit Rating to Negative, Citing Large Federal Deficits

On November 10, 2023, Moody’s Investors Service lowered its outlook on the United States’ credit rating from “stable” to “negative.”

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January 3, 2024
Infographics
The National Debt Is Now More than $34 Trillion. What Does That Mean?

Although the debt affects each of us, it may be difficult to put such a large number into perspective and fully understand its implications.

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January 2, 2024
Press Releases & Statements
Peterson Foundation Statement on National Debt Surpassing $34 Trillion

"We are beginning a new year, but our national debt remains on the same damaging and unsustainable path," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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January 2, 2024
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