As the nation grapples with devastating healthcare and economic consequences of the spreading COVID-19 pandemic, policymakers in Washington have been ratcheting-up their responses. Bills and proposals have included actions to fight the virus, maintain employment and stimulate the economy. Given…
Budget watchers and deficit hawks on Monday excoriated President Trump's fiscal 2021 budget proposal for relying on what they called overly optimistic economic assumptions and unrealistic plans to tackle the nation's $23 trillion debt. Robert L. Bixby, executive director of The…
When the winner of the 2020 presidential election takes the Oath of Office on Jan. 20, 2021, he or she will assume responsibility for a government that carries about $24 trillion in debt and projected budget deficits exceeding $1 trillion…
At the time, military spending, including spending on homeland security, accounted for 54% of discretionary spending — that is, not-mandatory spending. But it accounted for only 16% of federal spending overall. "This is a common mistake," Robert Bixby, executive director of the centrist Concord…
