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 support the economy in the face of the COVID-19 pandemic should not…
The last time the U.S. federal deficit was this high, as a percentage of the total size of the economy, was 1946. The debt-to-GDP ratio was 119%. There’s news that amid the pandemic the amount of government borrowing this year is…
In short, the needs are sweeping and urgent, and a deal needs to be struck. The Democrats in their House bill started at $3 trillion in aid. When they finally sat down, Senate Republicans began at about $1 trillion. Surely…
The Concord Coalition issued the following statement today by Executive Director Robert L. Bixby regarding updated economic and budget projections from the Congressional Budget Office: Despite eye-popping near-term deficit projections, the more significant and troubling aspect of CBO’s updated projections…
