FISCAL BLOG

CBO projects that the deficit for 2019 will be $960 billion. That’s $63 billion (or 7 percent) above its estimate from just three months ago.

Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.

Today, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight .

While there has been positive news about recent wage growth, looking back over the last 40 years reveals a different story for the average worker.

While growth in 2019 has exceeded expectations so far, growth rates largely have conformed to forecasts, and many economists expect growth to remain lower in 2019 than in 2018.

The cost and quality of the U.S. healthcare system is one of the most prominent issues facing everyday Americans. It is a top policy concern for voters, a key indicator of economic efficiency, and a significant driver of the national debt.

Americans and the economy are vulnerable to a series of high-stakes fiscal deadlines, with an uncertain path forward.

If the president and Congress are unable to come to an agreement on the amount of the budget caps, they will risk either a harmful government shutdown or a potential automatic across-the-board cancellation of budgetary resources.

This year’s report demonstrates why lawmakers should focus their attention toward improving our nation’s debt path as soon as possible.

The primary deficit excludes interest payments, thereby measuring the gap between all other spending and total revenues collected.