The Fiscal Election: What’s at Stake in This Election?
Last Updated May 28, 2024
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
76 Options for Reducing the Deficit
The nonpartisan Congressional Budget Office released 76 policy options — spanning both revenues and spending — that could help bring the country’s rising debt under control.
News from the Quarterly Treasury Refunding Statement
As borrowing has risen, the Treasury has generally been increasing the proportion of bills (maturity of one year or less) in its portfolio of marketable securities.
The Fed Reduced the Short-Term Rate Again, but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.