Key Points: Tariff revenue to pay down debt might be appealing on paper, but uncertainty about the amount that would be raised and the duration of the tariffs should temper expectations. Further, economic analysts across the political spectrum have raised…
In response to the Congressional Budget Office (CBO) Long-Term Budget Outlook released March 27, 2025, Carolyn Bourdeaux, former Congresswoman and Executive Director of The Concord Coalition and Concord Action issued the following statement: “Our budget process is in complete disarray.…
Key Points Since the $36.1 trillion debt ceiling kicked back in on January 2nd of this year, the Treasury Department has been using accounting transactions known as “extraordinary measures” to temporarily continue borrowing without exceeding the limit. The date these…
Key Points: Analysis from the CBO shows extending key provisions of the TCJA without offsets would increase the national debt from 99% of GDP to as high as 250% in 30 years, depending on interest rates. The Penn Wharton Budget…
Key Points New report from The Budget Lab at Yale explores how higher deficits impact inflation and interest rates. The permanent deficit increase that the report uses as its hypothetical is roughly the same size as the increase that would…
