Federal Deficit and Debt: July 2024
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-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 July 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2024
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
Waiting to act raises the cost of stabilizing the debt.
“The national debt is already $34 trillion, but as it grows over the next three decades, we’ll spend more than double that on interest alone,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/03/fci-press-release
Our fiscal situation was already unsustainable, but COVID-19 certainly did not help. Learn how the pandemic compounded our financial challenges in 13 charts.
https://www.pgpf.org/blog/2020/12/13-charts-that-tell-the-fiscal-story-of-2020
The projected shortfall of future Social Security revenues is the result of political action, not the absence of policy options for addressing this issue.
The country’s fiscal trajectory got notably worse over the past year.
“Today’s CBO report confirms that major damage was done to our fiscal outlook in just the past few months," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
“As we approach the final months of the election campaign, voters want to hear more from their candidates about solutions for the $35 trillion and growing national debt.” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/07/fci-press-release