FISCAL BLOG

President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).

The amount of defense spending in the United States dwarfs that of other nations — we spend more on defense than the next 9 countries combined.

The federal deficit is projected to be over $1 trillion each year for the next 10 years.

Here are the pros and cons for three approaches to increasing funds dedicated to Social Security.

The enactment of the Inflation Reduction Act is a promising step forward in our nation’s fiscal situation seriously.

Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.

To illuminate what the latest economic indicators mean, connect the dots, and discuss how CBO analysis helps policymakers, CBO Director Phillip Swagel joined Peterson Foundation CEO Michael Peterson for the latest Economic Forum.

Today, the nonpartisan Congressional Budget Office (CBO) released its Long-Term Budget Outlook, which offers a look at the nation’s fiscal health through 2052.

On the whole, the average retirement age has risen by 3 years since 1990, increasing from 62 to 65. Women, on average, tend to retire earlier than men, but women have seen a larger increase in average retirement age.

GAO projects that debt held by the public could more than double over the next 30 years — rising from around 100 percent of gross domestic product (GDP) at the end of fiscal year 2021 to 217 percent in 2050.