8 Charts That Show How We Failed to Fix Our Fiscal Outlook This Year
These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
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These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
Karen Dynan explores the implications of the federal debt burden and the degree of change required to stabilize the national debt.
A strong fiscal outlook is an essential foundation for a growing, thriving economy.
https://www.pgpf.org/infographic/infographic-how-does-the-national-debt-affect-the-economy
The Federal Reserve plays an important role in stabilizing the country’s economy.
"Sound fiscal policy can make it easier for the Fed to bring inflation down without pushing the economy into a recession," writes Ben Ritz.
When the US government reaches its debt ceiling, the Treasury can use a variety of accounting maneuvers, known as “extraordinary measures” to keep the federal government from defaulting on its debts.
https://www.pgpf.org/blog/2023/06/what-are-the-treasurys-extraordinary-measures-on-the-debt-ceiling
"No party, or even individual member, has bragging rights when it comes to advocating for, or making progress on, reducing the deficit and debt," writes Heidi Heitkamp.
The Federal Reserve's lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the pandemic.
In an important acknowledgement of our nation’s unsustainable fiscal outlook, the President’s budget for fiscal year 2023 proposes to reduce deficits by $1 trillion over the next decade relative to current law.
Borrowing costs have increased rapidly over the past year and will grow through the next decade.