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Decade in Review: Looking Back at CBO Projections Then and Now

Let’s take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.

The Lawmakers We Elect in November Will Face a Series of Important Fiscal Decisions

Here are some of the major fiscal deadlines that the leaders we elect for the next two, four, and six years will face.

Fiscal Thursdays

In an effort to foster greater discussion on the nation’s long-term fiscal challenges during the 2012 election campaign season, the Peterson Foundation, in partnership with Bloomberg LP, sponsored “Fiscal Thursday” AT RNC and DNC Conventions.

As New Administration and Congress Address Range of National Challenges, Voters Remain Mindful of National Debt

Nationwide, voter concern about the national debt is five points higher in January 2021 than a year ago, and 23 points higher than in January 2017 when former president Trump took office.

A Valuation Approach to Government Balance Sheet

“It is possible investors have been consistently mispricing the government debt,” writes Zhengyang Jiang.

Here’s Everything the Federal Government Has Done to Respond to the Coronavirus So Far

The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.

How Have States Used Their Direct COVID Relief Funds?

Here are some notable trends showing how lower levels of government have spent some of their relief funds.

Q4 GDP Continues to Grow, Though at a Much Slower Pace

New data from the Bureau of Economic Analysis (BEA) shows a sharp drop in the rate of economic growth at the end of last year.

How Did the TCJA Affect Corporate Tax Revenues?

For the first few years after TCJA’s enactment, revenues from corporate taxes dropped sharply, but they returned to pre-TCJA levels starting in 2021.

CBO: Recent Budget Deal Will Add $1.7 Trillion to the National Debt over the Next 10 Years

The budget projections released by the Congressional Budget Office (CBO) reaffirm the perilous path of deficits and debt expected over the next decade.