Fiscal Issues Illustrated
Lawmakers are considering significant reforms in a number of key policy areas, including healthcare reform, tax reform, infrastructure and more.
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Lawmakers are considering significant reforms in a number of key policy areas, including healthcare reform, tax reform, infrastructure and more.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2024
In January 2013, a series of tax increases and spending cuts are slated to go into effect automatically and all at once. Many are calling this major fiscal policy shift the "Fiscal Cliff." If all of the changes are allowed to proceed, future budget deficits would be substantially reduced. However, the nonpartisan Congressional Budget Office has forecast that the economy would be thrown into recession in 2013 — an outcome that threatens our still-fragile economic recovery.
“While the most important national priority right now is addressing the significant health and economic impact caused by coronavirus, we all also understand that this crisis has enormous costs and impact on our fiscal position,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/04/fci-press-release
As the nation emerges from a divisive campaign season with a range of complex challenges awaiting a new administration and Congress, Americans remain deeply concerned about the rising national debt.
https://www.pgpf.org/press-release/2020/11/fci-press-release
To solve our fiscal challenges in an enduring way, we need input and support from across the ideological spectrum.
We asked experts with diverse views from across the political spectrum to share their perspectives and insights to help understand the landscape and identify solutions.
https://www.pgpf.org/expert-views/inflation-interest-and-the-national-debt
We asked respected policy experts from across the ideological spectrum to share their views on why a commission is needed, how it should be structured, and which policies could help stabilize the debt.
In 2008, the Peter G. Peterson Foundation was established with the goal of preserving the American Dream for the next generation. My father saw our high and rising debt as a transcendent threat to our future economy – posing a risk to every American, and our leadership role in the world.
As Washington faces closely divided government, the nonpartisan Peter G. Peterson Foundation is convening respected policy experts to help break the gridlock. This set of eight new essays highlights a range of ideas on how to make progress on key fiscal and economic goals. The authors include leaders from across the political spectrum, offering historical context and practical advice to help lawmakers rise above the politics to make bipartisan progress.
https://www.pgpf.org/expert-views/bipartisan-policymaking-under-divided-government