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The President's Budget Reduces Debt a Little, But Only If Growth Is Rosier than Projected
The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
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The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
With a changing demography as the backdrop, the US 2050 project examines the economic forces and trends that will determine American living standards three decades from now.
As Congressional leaders and the President discuss a potential temporary solution to the current fights over the government shutdown and the debt ceiling, the repeated cycle of lurching from crisis to crisis has significant costs to the U.S. economy, according to a new report released today.
https://www.pgpf.org/press-release/new-study-measures-the-high-cost-of-crisis-driven-government
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2019
“The administration projects that the deficit is on track to hit $1 trillion this year, even though we are in a strong economy and low interest rate environment," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/07/peterson-foundation-statement-on-omb-mid-session-review
The Peter G. Peterson Foundation releases a statement on President Obama's FY2011 budget.
https://www.pgpf.org/press-release/2010/02/statement-by-pgpf-on-president-obamas-fy2011-budget
Peter G. Peterson releases a statement on Baucus-Hatch tax reform principles.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for February 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-february-2020
Mobilize.org and the Peter G. Peterson Foundation today announced the results of their National Youth Summit, which brought one hundred fifty young people from around the country to Chicago, Illinois last week to discuss challenges facing young people, particularly given the economic downturn, and to give them the opportunity to present innovative solutions to the unique issues facing their generation.
https://www.pgpf.org/press-release/pgpf-announces-youth-summit-winners
Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.
https://www.pgpf.org/analysis/long-term-implications-of-the-budget-control-act-of-2011