WASHINGTON -- The Concord Coalition said today that new 30-year projections by the Congressional Budget Office (CBO) demonstrate why Congress and the president should ensure that necessary near-term steps to control the COVID-19 virus and support the economy should…
President Biden has proposed an ambitious 100-day agenda, starting with passage of a $1.9 trillion COVID relief and recovery bill. But in an evenly divided Senate, finding the necessary votes to avoid a legislative filibuster will be difficult as many…
On September 30, the federal government ended fiscal year 2020 with a budget deficit of $3.1 trillion. At an estimated 15.2 percent of gross domestic product (GDP), it was the largest deficit since 1945. On October 7, a fly nestled…
The last time the U.S. federal deficit was this high, as a percentage of the total size of the economy, was 1946. The debt-to-GDP ratio was 119%. There’s news that amid the pandemic the amount of government borrowing this year is…
