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Our charts frame the fiscal outlook of the U.S. government within a broad economic, political, and demographic context.
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Our polling tracks the public’s views about our fiscal and economic condition and the progress elected leaders are making in addressing it.
Latest Articles
No Tax on Social Security Would Weaken Both Social Security and Medicare
Republicans in Congress are considering several new tax cuts that would reduce federal revenues by trillions of dollars over the next decade.
The United States Spends More on Defense than the Next 9 Countries Combined
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2023.
The President’s “Skinny Budget” Reallocates Priorities for Appropriations
The first budget from the first year of a new Administration is an important statement of budgetary priorities.
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The National Debt Can Crowd Out Investments in the Economy — Here’s How
Large amounts of federal debt could “crowd out” investments by the private sector, making the economy less productive and stunting wage growth.
Chart Pack: Economic Outlook
A selection of charts providing an overview of the U.S. economic outlook.
National Debt Puts Upward Pressure on Inflation and Interest Rates
America’s unsustainable fiscal outlook can have “significant consequences for price stability, interest rates, and overall economic performance,” according to a new report.
Why Is the Federal Deficit High If Unemployment Is Low?
The U.S. is experiencing an unusual and concerning phenomenon — the annual deficit is high even though the unemployment rate is low.
What Is Inflation and Why Does It Matter?
Here’s an overview of inflation, why it matters, and how it’s managed.
Three Reasons Why Assuming Sustained 3% Growth is a Budget Gimmick
Lawmakers are reportedly counting on 3 percent economic growth for the next decade. Here are three key reasons why that is an irresponsible budget gimmick.
New CBO Projections Show Lower Short-Term Rates than Previously Expected — but Longer-Term Rates Will Rise
Understanding interest rate trends is critical to the nation’s fiscal outlook because they are a significant factor for interest costs within the budget.