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Aug 3, 2020
IMF Releases Most Pessimistic Economic Projections for the United States to Date
The IMF estimates that real GDP in the United States will fall by 8 percent in 2020, according to the latest update to their World Economic Outlook report.
May 11, 2020
The Coronavirus Caused the Deficit to Balloon in April — Usually a Surplus Month
A large decrease in revenues and a large increase in spending have led the Congressional Budget Office to estimate a deficit of $737 billion in April 2020.
Mar 4, 2021
National Debt to Double in Size and Other Key Takeaways from the Latest CBO Report
Debt held by the public equaled the size of the economy in fiscal year 2020, and CBO expects that it will continue to climb.
Nov 9, 2016
Fiscal Advice for President-Elect Trump and Congress
Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year.
Jun 30, 2021
What’s in Biden’s Infrastructure Plan and How He Proposes Paying for It
The nearly $2.6 trillion American Jobs Plan aims to address transportation and other infrastructure issues as well as climate change, caregiving, and housing.
Jun 29, 2023
What Is Fiscal Policy? Interactive Teaching Tools
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
Jan 14, 2022
Spending on Unemployment Insurance is Returning to Pre-Pandemic Levels
Federal outlays for Unemployment Insurance are rapidly returning to previous levels. Nevertheless, unemployment remains higher than pre-pandemic levels.
May 26, 2017
Analysis: The President’s FY 2018 Budget
The President’s budget has a worthy goal of deficit reduction. However the economic assumptions underlying the president’s budget are optimistic.
Aug 21, 2019
Deficits Much Larger Than Projected Just Three Months Ago
CBO projects that the deficit for 2019 will be $960 billion. That’s $63 billion (or 7 percent) above its estimate from just three months ago.