#Deficit

WASHINGTON -- While the nation’s attention is justifiably focused on multiple other crises, today’s publication of the Social Security and Medicare trustees reports reminds us of another call to action: averting the financial crisis in our nation’s largest entitlement…

Budget Breakthrough After moving at a breakneck pace and holding a special session, the House and Senate passed an FY 2022 budget resolution on Tuesday, setting the table for the annual appropriations process. It also jumpstarts reconciliation, the strategic…

To prevent their agenda from stalling, President Biden and congressional Democrats  must secure two major policy victories before recessing for the upcoming month-long district work period: (1) complete negotiations on a nearly $1 trillion bipartisan infrastructure bill and pass…

"Current figures suggest that the federal government is digging America into a hole. According to CBO’s baseline projections—which don’t account for Mr. Biden’s proposals—interest costs will surpass spending for Social Security by 2045 and will consume nearly half of…

In presenting his case to Congress for an ambitious policy agenda, President Biden said, “It is not enough to restore where we were prior to the pandemic.” That thinking makes sense, but it should also be applied to the ballooning…

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…

After enactment of the $1.9 trillion American Rescue Plan Act and the unveiling this week of the roughly $2 trillion American Jobs Plan, it is easy to forget that President Biden hasn’t actually put out a budget. In fact we’re…

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…