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Six Ideas to Improve the Budget Process

The recent contentious budget battles have contributed to a decline in the public’s faith in the political system. A new report suggests a way forward.

The Fiscal Election: What’s at Stake in This Election?

The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.

This Year We Saw the Largest Budget Deficit Since 1945, Driven Largely by the Pandemic

In fiscal year 2020, the U.S. saw the largest budget deficit since 1945 at $3.1 trillion. Find out what contributed to these record-breaking stats.

Divided Government — The Choice Between Governing Or Chaos

“The purpose of electing people to public office is to govern — to make the tough choices, to take the risks, to resolve differences and to enact policies that strengthen the nation,” writes Leon E. Panetta.

The Lame-Duck Congress and the 116th Congress Have Some Key Fiscal Issues on Their Agenda

There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.

How Are We Paying for the Federal Response to the Coronavirus?

The federal government has enacted legislation to provide relief from the COVID-19 pandemic, and the Treasury has ramped up borrowing to pay for it.

Pandemic Fuels Record-Breaking Deficits — and Other Key Takeaways from the Latest CBO Report

New CBO baseline projections show that the nation will face daunting fiscal challenges over the next decade.

See How the Coronavirus Has Impacted 10-Year Projections for GDP and More

It’s going to take at least a decade for the labor market to recover from the coronavirus pandemic, according to the latest data from the CBO.

Top Four Lessons the Pandemic Taught Us about Improving Unemployment Insurance

Unemployment insurance can be a critical government tool to ease suffering from economic downturns and hasten a recovery.

How Has the Coronavirus Affected the U.S. Economic Outlook

The U.S. economy was in its longest expansion since World War II. The pandemic, however, has altered that trajectory.