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May 2, 2019
CBO’s Updated Projections Show Deficits Continuing to Climb, Despite Growing Economy
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
Oct 30, 2019
Economic Growth Rates in 2019 Are on Track to Be Lower Than in 2018
Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the TCJA, though the stimulus effects of the latter are fading.
Jul 19, 2019
Fast-Approaching Fiscal Deadlines Pose Threat to American Economy
Americans and the economy are vulnerable to a series of high-stakes fiscal deadlines, with an uncertain path forward.
Feb 11, 2020
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.
Oct 5, 2017
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.
Jun 25, 2019
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.
Jul 2, 2025
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.
May 21, 2020
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.
Aug 8, 2018
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.