Understanding Complex Budget Terms and Processes: What Are Discretionary Spending Caps?
There is one cap for national defense and another cap for non-defense programs.
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There is one cap for national defense and another cap for non-defense programs.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2019
Michael A. Peterson writes an op-ed for POLITICO about the 10-year outlook on deficits.
https://www.pgpf.org/press-release/op-ed-on-budget-10-is-not-enough
Although a return to a normalized interest environment is a good sign for the strength of the economy, rate increases will make it more expensive to borrow.
The Peterson Foundation releases a statement on the 2014 State of the Union address.
“This deal ignores our large and growing fiscal imbalances and is a step in the wrong direction for our economy." said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The federal deficit is growing during a period of economic expansion — a pattern that is highly unusual.
https://www.pgpf.org/blog/2018/12/the-risks-of-running-up-deficits-when-the-economy-is-good
“Today’s CBO report demonstrates America’s dangerous and irresponsible fiscal path. Deficits will soon reach $1 trillion annually and grow from there, with no end in sight or plan for the future," Michael A. Peterson, CEO of the Peter G. Peterson Foundation
“It’s unfortunate that even the Committee’s draft package of modest recommendations failed to advance. Significant work remains to address America’s fiscal challenges and the Committee’s proposals could have been a small step in the right direction to improve our budget process." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2019