The Fiscal Situation of the United States
America's Fiscal Future | U.S. GAO
In fiscal year 2023, federal net interest spending increased 39 percent from fiscal year 2022 (from $475 billion to $659 billion). The increase ...
Understanding the National Debt | U.S. Treasury Fiscal Data
Tax cuts, stimulus programs, increased government spending, and decreased tax revenue caused by widespread unemployment generally account for sharp rises in the ...
Financial Report of the United States Government
This Financial Report presents data, including debt, as a percent of GDP to help readers assess whether current fiscal policy is sustainable.
A Warning About the Nation's Fiscal Health | U.S. GAO
Large annual budget deficits drive debt growth, as the government borrows to finance spending that exceeds revenues. For example, the federal ...
The Fiscal Situation of the United States | Cato Institute
The Fiscal Situation of the United States. If the federal government continues this unsustainable fiscal path, we risk burdening future ...
The Fiscal & Economic Impact of the National Debt
Greater Risk of a Fiscal Crisis. If investors lose confidence in the nation's fiscal position, interest rates on federal borrowing could rise as higher yields ...
U.S. Fiscal Situation | 2024 Outlook - Brown Advisory
Deficit trajectory: The U.S. budget deficit ballooned to 15% of GDP in 2020 as the government rallied to support a locked-down country; the situation improved ...
Publications & Cost Estimates - Congressional Budget Office
In CBO's projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. Real GDP growth comes to a halt in ...
Fiscal (in)stability: Behind the ticking time bomb of US debt
At the 2024 SIEPR Economic Summit, leading fiscal policy experts shed light on how the US could get its finances in order and avoid economic catastrophe.
The US fiscal mess: Some unpleasant fiscal simulations - CEPR
In June the US Congressional Budget Office (CBO) updated the budget outlook for the US (CBO 2024): the US federal debt (held by the public) is ...
Deficit Tracker - Bipartisan Policy Center
Even as the U.S. economy expands, the federal government continues to run large and growing budget deficits that will soon exceed $1 trillion per…
Fiscal Policy: Taking and Giving Away
Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and ...
Fiscal policy of the United States - Wikipedia
A sustainable fiscal policy is explained as the debt held by the public to Gross Domestic Product which is either stable or declining over the long term" ( ...
Our Debt to the Future? America's Fiscal Policy Shouldn't Leave a ...
The Congressional Budget Office (CBO) has even stated that it expects net interest costs (NICs) to cross the $1‑trillion mark in FY 2025 (on its ...
Hutchins Center Fiscal Impact Measure - Brookings Institution
Fiscal policy increased U.S. GDP growth by 0.4 percentage point in the third quarter of 2024, the Hutchins Center Fiscal Impact Measure (FIM) shows. The FIM ...
U.S. Economy at a Glance | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the "advance" estimate.
US Economic Forecast Q3 2024 | Deloitte Insights
While real gross domestic product growth slowed in the first quarter of this year, growth rebounded to a strong 3.0% in the second quarter. All ...
When Does Federal Debt Reach Unsustainable Levels?
Under current policy, the United States has about 20 years for corrective action after which no amount of future tax increases or spending ...
America's fiscal outlook is disastrous, but forgotten - The Economist
Today it has reached 96% of GDP. For the past five years, under first Donald Trump and then Joe Biden, the federal deficit has averaged 9% of ...
U.S. Bureau of Economic Analysis (BEA)
The U.S. goods and services trade deficit decreased from $78.9 billion in July (revised) to $70.4 billion in August, as exports increased and imports decreased.
Government shutdowns in the United States
In the United States, government shutdowns occur when funding legislation required to finance the federal government is not enacted before the next fiscal year begins.
The Richest Man in Babylon
Book by George Samuel ClasonThe Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,097 years earlier, in ancient Babylon.