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
They are burdened by record student debt. They are entering the workforce during a time of unprecedented economic uncertainty, in a nation with crumbling infrastructure, a climate in crisis, and rising inequality.
The Peterson Foundation works to bring Americans together to find and implement sensible, long-term solutions for our country’s fiscal and economic challenges.
The Financial Times and the Peterson Foundation have wrapped up a year-long initiative to track voter sentiment on economic and fiscal issues.
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
https://www.pgpf.org/budget-basics/how-does-social-security-work
A new report from Ernst & Young examines the U.S. government’s current financial situation.
https://www.pgpf.org/blog/2016/09/ernst-young-warns-of-unsustainable-financial-imbalance
“Today’s CBO report may not be a surprise, but it should be alarming for all of us," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
With a divided government, an opportunity exists for lawmakers to seek and find common ground on the nation’s pressing fiscal and economic challenges.
“Democratic and Republican voters know that this level of fiscal irresponsibility carries a huge economic risk,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/04/fci-press-release
"Today’s CBO report confirms that the era of declining deficits is over," according to Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.