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Category Archives: Fiscal Outlook and The Debt
National Save for Retirement Week
The U.S. population is changing and so is retirement. Boomers are aging, traditional pensions are shifting to voluntary contribution plans, and Social Security faces important financial challenges. Planning—and saving—for retirement is more important than ever. For National Save for Retirement … Continue reading
Will “Hamilton” Win Big? Its Namesake Already Inspired a Lot of GAO Work
Alexander Hamilton has quite the legacy: he was the first Secretary of the Treasury; he created a plan for managing the national debt; and he is now the inspiration behind the Tony Award-nominated musical, Hamilton. In anticipation of this Sunday’s … Continue reading
Auditing the Government’s Books
Congress and the President need reliable, useful, and timely financial information so they can make difficult budget choices and deal with the nation’s long-term fiscal challenges. Each year, we audit the governmentwide financial statements to help make sure good information … Continue reading
Understanding Sequestration
The 2013 budget cuts known as “sequestration” were the first of their kind in more than two decades—and they’ll be with us for years. In fact, sequestration in some form is scheduled to continue annually through 2025, in the hopes … Continue reading
Taking a Long Look at the Federal Budget
What’s the future of the federal budget? Since 1992, we have simulated how different policies would affect the federal deficit and debt. Our latest update, released Monday, shows that the federal government continues to face long-term fiscal challenges. The future … Continue reading
Projecting the Future of Federal Finances: Long-Term Fiscal Simulations
Since 1992, we have prepared long-term fiscal simulations to show federal deficits and debt under different sets of policy assumptions. Our latest update shows that the federal government continues to face a long-term fiscal sustainability challenge.
Fiscal Exposures: 5 Sources of Risk that Drive Future Spending
In tandem with today’s release of our audit of the federal government’s fiscal year 2014 consolidated financial statements, we want to highlight our work on fiscal exposures. This is a term that describes services or expenditures that Americans may expect, … Continue reading
