Just as we were getting good news about falling deficits, a new report demonstrates that looking further out tells a much different story.
We may not think as much about how high national debt affects us and our families directly. The fact is that the personal impact is quite significant.
Congress returns to a full plate of business and little time. Will lawmakers empty the coffers to buy breathing space?
Congress has been struggling with a looming shortfall in the Highway Trust Fund, which will severely impact financing for surface transportation projects. Lawmakers are nearing a dead end as a deadline approaches in a month.
A recent paper commissioned by the Peter G. Peterson Foundation examined the “Fiscal Balancing Act” of trying to grow the economy and stabilize the national debt. The authors conclude that it is not a matter of choosing one or the other. Rather, the two goals are closely linked and should be addressed in tandem.
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