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Fiscal and Monetary Policy Work Best Together

“High inflation breeds instability, raising the risk of both higher interest rates and recession,” writes Marc Sumerlin.

Tax Cuts Then and Now: The Debt Is Much Higher

The United States was in a more sustainable fiscal position when lawmakers previously enacted tax cuts.

What Are Overseas Contingency Operations?

Military activities are funded by federal appropriations. Learn more about how military spending is used to meet national priorities in war zones.

The Economic and Fiscal Road Ahead

“The most precious asset the nation has is its people. But we are leaving far too many behind,” writes William Gale.

Healthcare Spending Reaches a Record High

The rise in healthcare spending was largely driven by the federal response to the COVID-19 pandemic.

CBO Report Highlights Unsustainable Fiscal Outlook

The federal budget is on an unsustainabl fiscal trajectory, according to a new report from the nonpartisan Congressional Budget Office.

U.S. GDP to Fall 5.6% Due to Coronavirus, According to New CBO Projections

The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.

Broadband Access and the Digital Divide: What Is the Government’s Role?

Broadband is an indispensable tool for employment, education, and healthcare. As a result, federal policymakers have prioritized funding it.

Bad Governance Could Be Making Our Debt Problems Worse

Governance issues can harm the U.S. economy, decrease the country’s standing in financial markets, and impact interest costs and the nation’s fiscal stability.

Opportunities For Bipartisan Fiscal Policy in 2023

“Sound fiscal policy can make it easier for the Fed to bring inflation down without pushing the economy into a recession,” writes Ben Ritz.