Chartbook: The Fiscal Outlook After the Debt Limit Deal

The recently-enacted Fiscal Responsibility Act (FRA) is the largest deficit reduction package in nearly a dozen years and an important step forward for fiscal responsibility. As written, the FRA will reduce budget deficits by $1.5 trillion over the next decade, improving the fiscal outlook relative to what was projected under prior law. 

Below is a chartbook on the fiscal outlook after the Fiscal Responsibility Act.