If you blinked this week, you probably missed that the total federal debt reached $30 trillion—an historic high. Like aging Americans who bemoan birthdays ending in zero (30, 40, 50, …), this occasion marked the crossing of an important, albeit…
What began as a tense week of dangerous brinkmanship over the debt limit in Congress is ending with a surprising burst of bicameral cooperation and bipartisanship. House and Senate leaders hammered out a deal that would allow Democrats to…
This week the nonpartisan Congressional Budget Office (CBO) published its final monthly budget review for FY 2021. While the Treasury Department will publish the official numbers in its next Monthly Report, CBO’s end-of-year report provides an accurate preview of…
Despite a pending government shutdown and looming debt default, this week federal lawmakers in Washington were hyper-focused on the House reconciliation legislation, the second installment of President Biden’s Build Back Better agenda. Although the legislation is far from finished,…
