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Jun 5, 2023
How Much COVID Funding Remains Unspent?
As part of a potential deal to raise the debt ceiling, policymakers are considering rescinding remaining funding for COVID-19 relief.
Aug 22, 2023
Why Is the U.S. Fiscal Outlook More Daunting Now than After World War II?
Two major factors explain the difference in the fiscal outlook now: expectations of lower economic growth and the underlying structural imbalance in the federal budget.
Jul 15, 2024
What Are Excise Taxes and How Do They Affect the Federal Budget?
Excise taxes are levied on specific goods or services. The largest excise taxes on the federal level are related to highways, aviation, tobacco, and alcohol.
Jun 4, 2025
House Reconciliation Bill Would Increase the National Debt by More Than Any Other Recent Legislation
The House recently passed the largest reconciliation bill ever. CBO estimates it would add $2.4 trillion (excluding interest) to the national debt over 10 years.
Apr 28, 2021
Could COVID Relief Lead to Inflation? Here’s What Economists Are Saying
Despite the consensus among economists that some amount of inflation is likely to occur in the near term, their level of concern varies.
Jul 29, 2021
A Year after the Worst Economic Contraction Ever Recorded, Output Returns to Pre-Pandemic Levels
The continued economic recovery, fueled by consumer spending, brought economic output back to its pre-pandemic level.
Oct 4, 2016
Congress Faces Urgent Budgetary To-Do List
Stopgap legislation may keep the government operating in the short term, but lawmakers face more budgetary challenges in the coming weeks and months.
Nov 1, 2021
Delta Variant Slows Economy, But Output Still Better Than Pre-Pandemic Levels
The economy continued to grow in the third quarter of 2021, but at a slightly slower pace than previous quarters due to the delta variant of COVID-19.
Jul 16, 2021
Does Lowering or Raising Corporate Taxes Affect How Businesses Invest in the Economy?
Changes to the U.S. corporate income tax system may influence domestic investment, economic growth, hiring, and how much revenue the federal government raises.