These charts illustrate some of the biggest fiscal policy stories from 2017.

By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but also provide long-run economic benefits.

CBO warns “high and rising debt would have serious negative consequences for the budget and the nation” in its new report.

On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.

Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.

Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.

CBO’s new report serves as a reminder that the lawmakers need to take into account our nation’s long-term fiscal challenges as they consider policy changes.

CBO projects that, on our current path, deficits will reach $1 trillion by 2023 and total $9.4 trillion over the next ten years.

“The federal government’s fiscal path is unsustainable,” warns the Government Accountability Office.

Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year.