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.
If we needed any reminder that the national debt is a serious problem that needs fixing, we got several this week. Here’s a quick recap of the recent developments and what they mean.
Washington faces a packed agenda aimed at growing the economy, with important areas such as health care and tax reform on the table. At the same time, the new administration and Congress face historically high and rising national debt. That’s why we published a timely guide for reducing the debt while growing the economy.
You may have heard that Congress passed a budget that sets in motion repeal of the Affordable Care Act, also known as Obamacare. Here are the key facts.
Our partners at the Committee for a Responsible Federal Budget released a new report estimating the cost of fully repealing the Affordable Care Act, showing it would cost money and leave little available for a replacement plan. Newsy then made a handy video explaining the report's key points.
National Debt and You