Infographic: What Is the Debt Ceiling?
Increasing the debt ceiling allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
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Increasing the debt ceiling allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
Today, the Federal Reserve announced an increase in the target for the federal funds rate, the interest rate at which commercial banks lend to each other overnight.
Why Reform Our Corporate Tax Code?
https://www.pgpf.org/budget-basics/why-reform-our-corporate-tax-code
Federal debt is already at its highest level as a percentage of GDP since 1950 and would exceed its all-time high by 2034 under current law.
https://www.pgpf.org/analysis/2018/07/cbo-warns-historic-debt-levels-threaten-economy
“These reports drive home the urgent need to ensure that the critical Medicare and Social Security programs are sustainable into the future," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2022
“It’s rare to see bipartisan agreement on any issue, yet overwhelming majorities of American voters from both parties want their leaders to fully pay for this reconciliation package,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/08/fci-press-release
The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
The Youth Summit, entitled Democracy 2.0: Exploring the Millennial Generation's ROI, will convene today's leading youth voices as well as a number of newcomers who will offer fresh perspectives and thoughtful proposals for reform and change.