Although a return to a normalized interest environment is a good sign for the overall strength of the economy, rate increases will make it more expensive for families and the government to borrow.
The federal deficit is growing during a period of economic expansion — a pattern that is highly unusual.
It’s important for lawmakers to consider the many available policy options for improving that outlook.
The decline in purchasing power has important implications for the federal budget and our nation’s infrastructure, and has led some to call for a new effort to address the gas tax.
Significant damage was done to America’s fiscal outlook over the past year.