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The federal deficit for Fiscal 2018 totaled $782 billion, an increase of $116 billion over the previous fiscal year, the Congressional Budget Office (CBO) estimated late last week. While those numbers are troubling enough, they get even worse when shifts…

With the federal deficit projected to exceed $1 trillion in Fiscal 2020, many economists worry that Washington’s heavy borrowing to cut taxes and increase spending could make it more difficult to counteract the next economic downturn. At an event this…

Today, Oct. 1, marks the beginning of the federal government’s 2019 fiscal year. Fortunately, there will be no government shutdown because Congress has passed and the president has signed five of the 12 annual appropriation bills for Fiscal 2019, along…

The House Ways and Means Committee is looking to pass more deficit-financed tax cuts, most notably by pressing to extend tax cuts passed in 2017 beyond their 2025 expiration dates. The Congressional Budget Office released a score of that legislation,…

Tomorrow former congressmen David Jolly and Patrick Murphy will discuss excessive division and gridlock and how, through bipartisan leadership, the nation’s political systems could function more effectively. The program, “Let’s Fix Washington: Breaking Through Political Dysfunction and Faulty Fiscal Policy,”…

With congressional elections two months away, voters are hearing a great deal from the candidates about the high priority that Americans place on their children and the nation’s future. The lofty rhetoric on this subject, however, is hard to square…

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…