The Fiscal Election: What’s at Stake in This Election?
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
Starting in 2025, the president and Congress will confront a series of urgent deadlines and decision points. The choices our leaders make will determine how much families and businesses pay in taxes, whether or not there are automatic cuts to Social Security and Medicare, the affordability of healthcare under the ACA, and what to do about the debt ceiling. Undoubtedly, 2024 is a Fiscal Election.
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<img src="http://www.pgpf.org/sites/default/files/Infographic-The-2024-Fiscal-Election.jpg" width="620" alt="The Fiscal Election">
<a href="https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election">
</a><p><strong>The Fiscal Election</strong>, courtesy of <a href="https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election">Peter G. Peterson Foundation</a></p>Feel free to share this infographic on Twitter.
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Further Reading
What Are Interest Costs on the National Debt?
Interest costs are on track to become the largest category of spending in the federal budget.
7 Charts That Illustrate America’s Growing Fiscal Stress
America’s fiscal situation is daunting, with key budgetary warning signs and hurdles approaching in the near term.
Fed Raises Rates for First Time Since 2023 as Interest Costs Top $1 Trillion
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.