Blogs

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…

President Trump’s claim this week that his tariffs will enable the government to start "paying down" large amounts of the federal debt is wrong for a very simple reason: It is impossible to reduce debt while you are still adding to it.…

By Rob Ryan Despite much discussion in Washington about the need for more substantial investment in infrastructure, nothing much has been done. House Transportation and Infrastructure Chairman Bill Shuster (R-Pa.), however, recently unveiled a proposal that would help address --…

Ben Bernanke, Henry Paulson and Timothy Geithner played central roles in dealing with the financial crisis 10 years ago that stunned the nation and threatened economic disaster. The three former policymakers recently discussed some of the lessons to be learned…

In a welcome show of bipartisan cooperation, lawmakers appear to be moving forward on IRS legislation that they say would help taxpayers, reduce tax-refund fraud and improve tax-collection efforts. Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ron Wyden (D-Ore.),…