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.
The Trustees who officially oversee Social Security and Medicare recently issued their annual report on the programs’ finances and policymakers need to pay attention.
Federal Reserve Chair Janet Yellen made it clear in congressional testimony that the national debt is on an unsustainable path that policymakers must address.
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.
The nonpartisan Congressional Budget Office (CBO) last week warned yet again that the United States faces rising budget deficits and national debt that will endanger the country and Americans’ pocketbooks. As politicians bicker over a budget, you have a chance to show how you would solve the problem.
National Debt and You