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Fed Chair Powell Encourages Congress to Address Rising Debt before Next Downturn

Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.

Federal Budget Deficits Rising — Even Before Tax Cuts

The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.

Five Key Takeaways from the CBO Long-Term Outlook

Interest costs are projected to triple. As the debt grows, the cost of paying interest on the debt is projected to increase rapidly.

Healthcare Costs Are a Major Driver of the National Debt and Here’s the Biggest Reason Why

Improving the U.S. healthcare system will be crucial to providing quality, affordable healthcare and to bettering our nation’s long-term economic and fiscal well-being.

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.