Event Recap: The Fiscal Outlook After the Debt Limit Deal
The bipartisan Fiscal Responsibility Act (FRA), signed into law in May, is the largest deficit reduction legislation enacted in nearly a dozen years and an important step forward for fiscal responsibility. But how much did it change the country's fiscal landscape, and what does it mean for the nation's long-term fiscal outlook? On Thursday, June 29, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein presented an event to answer that question. He gave a broad overview of the state of the economy and the fiscal outlook over the short- and long-term following enactment of the FRA, highlighting how the legislation has improved the budget outlook, while emphasizing that more work is needed to put the nation on solid fiscal ground.
You can view a video of the event below and the corresponding chartbook below or here.