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On Thursday, the Department of Commerce released its preliminary estimate of U.S. gross domestic product for the first quarter of 2021. Real GDP grew 1.6 percent over the previous quarter (2020 Q4), fueled by federal stimulus payments and an aggressive…

President Biden’s $2.3 trillion American Jobs Plan is noteworthy for two things. First, it greatly expands the definition of “infrastructure,” and second, it’s eight years of proposed spending is designed to be paid for with increased corporate taxes over 15…

After a one-week delay, on April 9th, the Biden administration finally released a peek at their FY 2022 budget. In it, the president proposes to spend $1.5 trillion on base (regular) discretionary programs next fiscal year, an increase of $118…

On this Good Friday, the March jobs report was indeed good. The Bureau of Labor Statistics reported that the U.S. economy added 916,000 jobs last month, vastly exceeding consensus expectations of 675,000, and almost double the gain of the previous…

For understandable reasons, the focus in Washington over the past year has been on the nation’s physical health, and its resulting consequences for the near-term economy, rather than on our longer-term fiscal health. A new report by the Government Accountability…

Sequestration is making headlines once again in Washington as federal lawmakers work quickly to avoid untimely reductions in Medicare reimbursements to healthcare providers – in the middle of a viral pandemic. And if one sequester wasn’t enough trouble, Congress must…

The annual economic projections of the Congressional Budget Office (CBO) underpin the agency’s budget estimates. In a normal year, the new economic projections are released as part of the January budget baseline, and while budget updates are issued at various…

WASHINGTON -- The Concord Coalition said today that new 30-year projections by the Congressional Budget Office (CBO) demonstrate why Congress and the president should ensure that necessary near-term steps to control the COVID-19 virus and support the economy should…