Business Economics
Date of Publication:
February 2026
This article examines the long-term trajectory of the U.S. federal budget and the fiscal challenges facing policymakers. The authors analyze the effects of rising debt, demographic pressures, entitlement spending, and interest costs on future fiscal sustainability. The paper discusses the economic implications of persistent deficits and explores policy options for stabilizing federal finances while balancing economic growth and public investment priorities.
Citations
Dynan K, Smetters K, Zentner E. Whither the federal budget. Bus Econ. 2026. doi:10.1057/s11369-026-00447-4.