Federal Deficit and Debt: May 2024
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2024
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Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2024
“Voters are deeply concerned about the rising national debt, and tonight’s presidential debate is an important opportunity for the candidates to talk about their plans to stabilize our future," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/06/fci-press-release
Coronavirus relief legislation is expected to increase federal deficits by $2.4 trillion over the next decade.
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
These charts tell the fiscal story of 2021 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
Policymakers use the federal budget process to establish spending priorities and identify revenue to pay for those activities.
https://www.pgpf.org/finding-solutions/understanding-the-budget
“CBO’s new report shows that the outlook for America’s critical national debt challenge is worsening," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/06/peterson-foundation-statement-on-new-cbo-report
A Congressional Budget Resolution is a “blueprint” that guides fiscal decision-making in the Congress.
With the national debt at $26 trillion and counting, the nation’s fiscal health is a key issue for the 2020 campaign.
By making smart, strategic decisions about future national security requirements policymakers can ensure that our military is strong and that we are prepared to defend our nation from threats while also avoiding potential waste of precious national resources