Blogs

The U.S. economic recovery from the COVID-induced recession continues to surprise. On April 28, the Bureau of Economic Analysis (BEA) released its preliminary estimate of first quarter real GDP for 2022. Most economists predicted a slowdown from the explosive 6.9 percent…

The House and Senate returned this week after a two-week spring break. Lawmakers have a lot on their plates between now and the end of the year—a year shortened by the campaign season and the November midterm elections. As…

The week of April 4 began with hopeful optimism as a bipartisan group of Senators reached a tentative agreement to replenish emergency funds needed to restock federal supplies of COVID vaccines, therapeutics, and testing equipment. With COVID cases rising…

According to the White House, President Biden will unveil his FY 2023 budget on Monday, March 28. The proposal is expected to be a traditional budget, meaning it will include detailed supplemental information such as the economic projections that…

We’re on the road again! As the U.S. economy regains its footing, policymakers must shift their attention to the pre-existing structural imbalances that have put us on a path of chronically slow economic growth and unsustainable debt over the…

If you blinked this week, you probably missed that the total federal debt reached $30 trillion—an historic high. Like aging Americans who bemoan birthdays ending in zero (30, 40, 50, …), this occasion marked the crossing of an important, albeit…

What began as a tense week of dangerous brinkmanship over the debt limit in Congress is ending with a surprising burst of bicameral cooperation and bipartisanship. House and Senate leaders hammered out a deal that would allow Democrats to…

In a last minute dash to avoid a funding lapse that could shutter federal offices, on Thursday night Congress sent to President Biden a continuing resolution (CR) that would temporarily fund the government at FY 2021 levels for 11…