What You Should Know About the Sequester
Sequestration is a process that cuts federal spending through across-the-board reductions.
https://www.pgpf.org/budget-basics/what-you-should-know-about-the-sequester
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Sequestration is a process that cuts federal spending through across-the-board reductions.
https://www.pgpf.org/budget-basics/what-you-should-know-about-the-sequester
Top lawmakers and policy experts convene today in Washington for a discussion about America’s economic future at the Peter G. Peterson Foundation’s fifth annual Fiscal Summit.
“If we stay on this path, we’ll leave our kids and grandkids with diminished resources, opportunity and quality of life," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“Our nation faces a range of critical challenges, but Americans understand that managing the debt is a key part of building America’s future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/05/fci-press-release
Lawmakers should use the opportunities presented by the annual budgetary process to set policy priorities and provide more certainty about our nation’s fiscal policy.
While countries continue to recover from the crisis, the international fiscal outlook has not substantially improved.
https://www.pgpf.org/analysis/fiscal-monitor-series-navigating-the-fiscal-challenges
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
The Congressional Budget Office's latest Budget and Economic Outlook provides sobering new evidence that our nation's fiscal policies are on an unsustainable and uncertain path.
https://www.pgpf.org/analysis/analysis-of-cbo%E2%80%99s-budget-outlook-fiscal-years-2012-2022
“The coronavirus outbreak is an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.