Fortifying Federal Fiscal Health

A new GAO report provides a plan for getting federal spending and revenues in balance.

Federal spending continues to outpace revenue—by $587 billion in 2016. Absent policy changes, the structural gap between revenues and spending puts the federal government on an unsustainable long-term fiscal path. That's the warning from the first-ever annual report on fiscal health from the U.S. Government Accountability Office.

According to GAO's 47-page analysis, The Nation's Fiscal Healt