The latest official budget forecast from the nonpartisan Congressional Budget Office shows deficits and national debt rising well past norms, which would put a drag on economic growth and wages. We highlight the figures and what they mean.
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21 July 2017 - Things are hot and heavy in Washington in the middle of summer with lots of action on issues affecting the budget and debt. The forecast calls for deficits and debt to rise considerably but the outlook for producing next year’s budget remains unclear. Here’s your fix for the latest developments on the federal budget and national debt.
18 July 2017 - The Trustees who officially oversee Social Security and Medicare recently issued their annual report on the programs’ finances and policymakers need to pay attention.
14 July 2017 - Federal Reserve Chair Janet Yellen made it clear in congressional testimony that the national debt is on an unsustainable path that policymakers must address.
13 July 2017 - Just when federal budget dysfunction in Washington appeared to hit rock bottom, policymakers discovered new lows with this year’s process. And the affects will be widely felt.
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