Washington - Today, the Congressional Budget Office released a topline summary of its much-anticipated update to the 2021 budget baseline. The previous installment from CBO was published in February, prior to enactment of the $1.8 trillion American Rescue Plan…
The Concord Coalition today expressed disappointment that President Biden’s first budget, covering Fiscal Years 2022 through 2031, will produce annual deficits in excess of $1 trillion for each of those years and increase the debt as a share of…
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…
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…