Twice a year the nonpartisan Congressional Budget Office (CBO) offers a fiscal and economic forecast for the next ten years to help guide policy decisions. Here are excerpts on what it had to say about the federal budget deficit and national debt in its latest report issued Monday.
We launched an important new initiative that will compel presidential candidates to discuss the debt and how they will deal with it.
On Tuesday night President Obama delivered the State of the Union address. He used soaring rhetoric to describe his vision for the country’s future, but did not detail how he would address the soaring long-term debt that threatens that future.
On Tuesday, Fix the Debt hosted a conference call with supporters from around the country on our plans for 2015.
The 114th Congress began this week. The early action shows that fiscal issues will play a big role this year.