The Nation’s Fiscal Health: Urgent and Sustained Action Needed to Improve the Fiscal Outlook
What GAO Found The federal government is on an unsustainable fiscal path that poses serious economic, national security, and societal challenges if not addressed. Nearly every year this century, the government has spent more than it collected in revenue. To finance these deficits, the government has had to borrow by issuing debt. If current spending and revenue policies continue, the nation’s fiscal outlook is projected to deteriorate further, as debt accumulates at a faster rate than the economy grows. GAO projects that under current revenue and spending policies, debt held by the public will reach its historical high of 106 percent of gross domestic product (GDP) by 2029 and grow to 251 p.
Reported by Maria LopezThe Nation's Fiscal Health: Urgent and Sustained Action Needed to Improve the Fiscal Outlook.
The item is dated Thu, 11 Jun 2026 07:04:10 -0400.
TeamCog is carrying it as a audits report from GAO reports and testimonies RSS.
What GAO Found The federal government is on an unsustainable fiscal path that poses serious economic, national security, and societal challenges if not addressed.
Nearly every year this century, the government has spent more than it collected in revenue.
To finance these deficits, the government has had to borrow by issuing debt.
If current spending and revenue policies continue, the nation’s fiscal outlook is projected to deteriorate further, as debt accumulates at a faster rate than the economy grows.
GAO projects that under current revenue and spending policies, debt held by the public will reach its historical high of 106 percent of gross domestic product (GDP) by 2029 and grow to 251 p…
Official Source
GAO reports and testimonies RSS. Accessed 2026-06-11T15:00:08.135Z.