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8 Startling Facts About the U.S. Fiscal Outlook

At the end of May, the nonpartisan Congressional Budget Office (CBO) released new projections of the nation’s fiscal and economic outlook, their first report since July 2021.

Breaking Down the $48 Billion of Airline Industry Payroll Support in Coronavirus Relief Legislation

As of January 29, 2021, the Department of the Treasury disbursed over $34 billion of the total $48 billion allocated to air carriers through the PSP1 and PSP2.

CBO Report Outlines Dramatically Worse Fiscal Outlook

CBO projects that, on our current path, the deficit will reach nearly $1 trillion next year and will total $12.4 trillion over the ten-year period from 2019.

CBO: Trump Budget Uses Overly Optimistic Economic Assumptions

CBO estimates that the national debt would climb from 78% of GDP in 2018 to 87% of GDP by 2029 under the president’s policies.

Debt Is Expected to Grow Faster in the United States than Anywhere Else in the World

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

How Did Americans Spend Their Stimulus Checks and How Did It Affect the Economy?

The way in which Americans have been spending their stimulus checks has differed across each round of payments.

How Do Marginal Income Tax Rates Work?

Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.

How Do States Pay for Medicaid?

Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.

The Federal Reserve Will Begin Reducing Its Holdings of Treasury Notes and Bonds

The Fed recently announced it will begin reducing the size of its balance sheet this month to combat high inflation and a tight labor market.

What Was the Coronavirus Relief Fund?

The Coronavirus Relief Fund provided $150 billion in direct federal fiscal support to governments in states, territories, and tribal areas.