FISCAL BLOG

As summer turns to fall, members of the United States House of Representatives and Senate return to Washington D.C. to face a number of important policy decisions and deadlines.

Read More

The number one financial worry for Americans is having enough money for retirement — and for good reason.

Read More

Last year’s tax legislation was a key opportunity to simplify the tax code, but in addition to adding significantly to our national debt, the Tax Cuts and Jobs Act actually increased the number of tax breaks.

Read More

The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.

Read More

The OMB released its mid-session review, an annual update and revision of White House budget projections. This report marked the first time that the administration has acknowledged that deficits will surpass $1 trillion in the near term — a level that should be a wake-up call to all Americans.

Read More

Young college graduates today are entering the workforce with an unprecedented amount of student debt. How does student debt relate to the economic outlook for younger Americans and the finances of the U.S. government?

Read More

Unless Congress can set aside partisanship and address our nation’s fiscal challenges, the growing national debt will “seriously jeopardize and undermine the American economy,” according to former Secretary of Defense Leon Panetta.

Read More

Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.

Read More

While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.

Read More

Economists generally agree that public investment in infrastructure has a positive effect on productivity, and therefore on gross domestic product.

Read More

Understanding the Coronavirus Crisis

Key fiscal and economic indicators as the nation responds and recovers.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.