Statement on Deal to End Shutdown, Avoid Default
The Peterson Foundation releases a statement on the deal to end the government shutdown.
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The Peterson Foundation releases a statement on the deal to end the government shutdown.
The two proposals present distinct visions of the role of the federal government in our economy.
https://www.pgpf.org/analysis/fy-2015-budgets-comparing-chairman-ryans-and-the-presidents-proposals
The Stockton University team took first prize for its innovative campaign to educate and engage millennials on how to address America's long-term national debt.
https://www.pgpf.org/blog/stockton-university-wins-2015-up-to-us-college-campus-competition
“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
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2019
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2019
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 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
If all of the proposals in the budget were adopted, government debt would still soar to unsustainable levels in the long run, even under the optimistic assumptions used in the administration’s long-run projections.
“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.