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How Are Safety Net Programs Helping the Response to the Coronavirus Pandemic?

Despite the increased federal deficit, the expansion of safety net programs has led to generally effective economic stimulus.

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.

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.

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.

U.S. Population Growth Is Slowing Down — Here’s What That Means for the Federal Budget

Understanding how demographic challenges contribute to the United States’ fiscal challenges can help policymakers adopt fiscally sustainable policies.

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.

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.

10 Largest Budget Functions

Here are the top ten spending categories for the federal budget.

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.

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.