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Economy

The United States economy is a powerful engine of wealth and prosperity driven by free enterprise and innovation. Despite this, millions of hard-working Americans struggle to get ahead or save for the future, and the federal government’s poor fiscal health leaves us ill equipped to protect those left behind. BPC works to find solutions to these problems, from strengthening retirement security, to securing economic opportunities for the future, and dealing with our nation’s exploding debt. Our goal is to help policymakers remove obstacles to economic growth and improve shared prosperity for all.

Putting America Back on Track: A Responsible Bipartisan Approach to Fiscal Policy

Securing Our Financial Future

The IRS and Free File: Three Lessons About the Tax System

Artificial Intelligence and Finance

2034

Social Security’s main trust fund is expected to run dry in 2034

#33 Ticking Clocks for Social Security and Medicare

Deficit Tracker

NYT Letter to the Editor by Shai Akabas: Fixes for Social Security

Democratic Presidential Candidates Are Waiting on the States When It Comes to Private Retirement Reform

Social Security & Medicare Explained: Top 10 Questions & Answers

Debt Limit Analysis

Government Accountability Office Report Highlights the Need for Public Trustees

About Us

The federal debt limit restricts the total amount of money the Treasury Department can legally borrow. In recent years, the debt limit has become a political flashpoint and the government has frequently been forced to rely on accounting maneuvers called “extraordinary measures” to meet its financial obligations. But those measures are limited and temporary. The date on which they are exhausted and the Treasury Department’s cash-on-hand runs out is called the “X Date.” BPC is the only group outside government that consistently projects when this “X Date” will arrive and the government will default on its obligations. This projection relies on publicly-available information and historic trends in government revenues and outlays.

  • Debt Limit

    The federal debt limit restricts the total amount of money the Treasury Department can legally borrow. In recent years, the debt limit has become a political flashpoint and the government has frequently been forced to rely on accounting maneuvers called “extraordinary measures” to meet its financial obligations. But those measures are limited and temporary. The date on which they are exhausted and the Treasury Department’s cash-on-hand runs out is called the “X Date.” BPC is the only group outside government that consistently projects when this “X Date” will arrive and the government will default on its obligations. This projection relies on publicly-available information and historic trends in government revenues and outlays.

  • Funding Our Future

    Funding Our Future is an alliance of organizations dedicated to making a secure retirement possible for all Americans. The alliance informs the public about the barriers to retirement security and calls on policymakers to make strengthening retirement policies a top priority.

  • Paid Family Leave

    BPC’s paid family leave effort is committed to developing a policy roadmap for bipartisan, common-sense solutions that support America’s working families and promote America’s economic success. Americans overwhelmingly support the idea of paid family leave, whether to care for a new child, one’s own illness, or a sick family member. Republicans and Democrats have come a long way toward finding agreement on this issue, but Congress has yet to turn that growing consensus into actionable, bipartisan policy. BPC’s Task Force on Paid Family Leave seeks to take that next step.

  • Retirement Security

    Too many American households face uncertain prospects when it comes to their financial security in retirement. Many individuals lack access to a simple method of saving through their place of work. Of those who do have access, many are not contributing enough and are at risk for outliving their savings. As a result, millions of Americans are approaching retirement with inadequate funds to maintain their standards of living. BPC’s work on retirement security focuses on policies that expand access to well-designed retirement savings vehicles, help Americans preserve their retirement income, and resolve Social Security’s structural imbalance to avoid harmful and abrupt benefit cuts when the program’s trust fund is depleted.

  • Finance

    The financial system serves a critical role in allocating capital, facilitating payments, and managing risks in the economy. The American economy is served best when the financial system is robust, resilient, and effective. Financial regulation, the rise of AI, and reference rate reform are bringing new challenges to the forefront. BPC believes that managing and properly addressing these challenges will be critical to promoting a financial system that best serves Main Street businesses and consumers.

  • Budget

    The federal government is on a pathway towards trillion- dollar budget deficits, and federal with total debt held by the public will soon be heading into uncharted waters. This worrying trend is occurring has continued into during the longest period of economic expansion in modern American history. If left unchecked, the nation’s dark fiscal path could negatively affect burden future generations through massive interest payments on the debt, or even a fiscal crisis. BPC continues to sound the alarm on the debt the unsustainable federal budget and works to construct develop bipartisan solutions to deal with this difficult issue.for fiscal sustainability.

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