Fed Chair Powell Encourages Congress to Address Rising Debt before Next Downturn
Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
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Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
“Another $400 billion in debt is the worst possible holiday gift for our children,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/12/peterson-foundation-statement-on-budget-deal
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2020
Policymakers should work together to stabilize and strengthen this important program for generations to come.
https://www.pgpf.org/analysis/trustees-warn-social-security-faces-major-imbalances
There are separate limits on the amount of funding that can be provided for defense and nondefense purposes through the appropriation process.
https://www.pgpf.org/blog/2018/03/budget-process-reform-what-are-budget-caps
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for March 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-march-2020
This project explores two questions: how labor force participation has varied across different geographic contexts in recent decades; and how well-matched the safety net is to need across the urban, suburban and rural landscape. The analyses investigate labor force participation by gender, education and geography; changes in work and poverty by place over time; and gaps and mismatches in safety net provision.
The Peter G. Peterson Foundation has partnered with POLITICO to present the next Morning Money Breakfast Briefing.
https://www.pgpf.org/events/politico-morning-money-breakfast-briefing
“The economy is growing, but so is the federal deficit, and that’s highly unusual.” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/04/fci-press-release