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How Does Climate Change Affect the Federal Budget?

Climate change and its effects already impose a cost on the American economy and the federal budget.

How the U.S. Response to Coronavirus Compares to the Rest of the World

The United States has generally focused more on supplementing incomes while other countries have adopted wage-subsidy programs.

How Have Tax Cuts Affected the Economy and Debt? Here’s What We Know So Far

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.

How Much Is the National Debt? What Are the Different Measures Used?

There are three widely used measures of federal debt. What are the important differences between these measurements?

How Were State Budgets Doing before the Pandemic?

The COVID-19 pandemic has contributed to a significant budget crunch at the state level. Some states were better prepared than others to handle this crisis.

IMF Raises Concerns for Fiscal Stability in the United States

The International Monetary Fund warns that U.S. debt levels pose a risk for future economic growth and fiscal stability.

5 Facts About Rising Income Inequality in the United States

The concentration of income toward high earners has become more pronounced since 1981.

Long-Term Unemployment Has Quadrupled, and That’s a Problem for the Economy

The long-term unemployed now account for 42 percent of all unemployed workers, up from 19 percent before the pandemic.

Pandemic Budget Crunch Could Force States to Slash Social Services, Education, Police Budgets, More

Without federal intervention, many services could be drastically reduced to meet balanced budget requirements.

Q3 GDP Shows Big Jump, but Economy Remains Below Pre-Pandemic Levels

The increase in the last quarter represents a significant rebound in economic activity, but many are cautioning that the recovery is far from complete.