FISCAL BLOG

The U.S. long-term fiscal outlook is notably worse than last year.

Let's take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.

Over the past decade, trillions of dollars were added to the national debt. Much of that growth in debt occurred as a result of the Great Recession.

Here are eleven charts that tell America’s fiscal story for 2019 — and show how our outlook went from bad to worse over the last 12 months.

The United States leads the world in an unfortunate category: the pace of growth in its debt.

The rising cost of drugs has significant implications not only for Americans who rely on medications, but also for our nation's budget and fiscal outlook.

Federal Reserve Chairman Jerome H. Powell expressed concern about America's fiscal outlook and how it may affect our economic future.

As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.

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

Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the TCJA, though the stimulus effects of the latter are fading.