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.
A recent Congressional Budget Office blog post addressed an age-old question in Washington: Could we achieve economic growth best by increasing federal investment or reducing federal deficits and debt?
As our representatives struggle time and again to find agreement on the choices necessary to put the country on the right track financially, it may seem like an impossible task. However, thousands of Americans have shown a willingness to make the tough decisions using a special online tool. Now a newly updated version is available, giving you an opportunity to get in on the action.
Maya MacGuineas, President of the Committee for a Responsible Federal Budget (CRFB) and head of Fix the Debt, testified today before a House panel on the broken federal budget process.
- Two Years of Progress, but Still Work to Do 07/17/2014
- CRFB Paper, BPC Panels Agree Budget Act Needs a Tune-Up 07/16/2014
- CBO Looks at the Long Term 07/15/2014
- How the National Debt Affects You 07/10/2014
- Low on Time, Stakes are High 07/08/2014