Blogs

With the federal deficit projected to exceed $1 trillion in Fiscal 2020, many economists worry that Washington’s heavy borrowing to cut taxes and increase spending could make it more difficult to counteract the next economic downturn. At an event this…

Today, Oct. 1, marks the beginning of the federal government’s 2019 fiscal year. Fortunately, there will be no government shutdown because Congress has passed and the president has signed five of the 12 annual appropriation bills for Fiscal 2019, along…

Lawmakers made noteworthy progress last week on spending bills for the coming year, at least as far as timeliness is concerned. Congress approved three bills and negotiators announced a bipartisan agreement on a much larger package that could avoid a government…

With congressional elections two months away, voters are hearing a great deal from the candidates about the high priority that Americans place on their children and the nation’s future. The lofty rhetoric on this subject, however, is hard to square…

A few weeks ago, we discussed a Congressional Budget Office (CBO) report that showed its standard projections, which assume current laws remain in place, likely understate the projected path of debt and that if Congress continues certain recent policies, the…

While the White House celebrates the economy’s strong second-quarter showing, it is important to keep in mind that economists generally consider this a temporary phenomenon rather than a harbinger of higher growth levels over the coming decade. The U.S. Commerce…

Last year’s tax legislation fell short of some supporters’ key stated goals, notably to greatly simplify the tax code and strengthen the federal government’s financial position. Two new analyses from the International Monetary Fund (IMF) and the Peter G. Peterson…

In an update to its 10-year economic outlook, The Congressional Budget Office (CBO) projects that real GDP will grow by 3.1 percent this year, 2.4 percent next year and considerably less in subsequent years. Although CBO says this update does…