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When the debt limit is close to being breached, or when a suspension of the ceiling is nearing, lawmakers would have to act to avoid serious economic and budgetary consequences.
https://www.pgpf.org/blog/2023/06/how-the-lack-of-action-on-the-debt-ceiling-can-hurt-the-economy
Sequestration is a budget procedure used by lawmakers to cancel or limit funding in order to meet budget goals.
https://www.pgpf.org/budget-basics/budget-basics-what-is-sequestration
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
Many factors contribute to the long-term outlook for the U.S. economy and budget, but there are two major drivers of spending: demographics and rising healthcare costs.
https://www.pgpf.org/the-fiscal-and-economic-challenge/drivers
Become a fiscal leader to help educate and inspire others on the importance of improving our fiscal policy.
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 Foundation engages in a wide range of activities to educate and engage Americans, and raise awareness of the fiscal and economic challenges facing our nation.
https://www.pgpf.org/what-we-are-doing/education-and-awareness
Learn about Peterson Foundation projects designed to address America's long-term fiscal and economic challenges.
Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.