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.
Read MoreThe President’s Budget Proposes Large Spending Cuts, but Leaves Debt at High Levels
President Trump released his fourth budget, which outlines the administration’s policy proposals, budget projections, and economic forecast for the next decade.
Read MoreFed Chairman Powell Urges Congress to Address the Federal Budget’s “Unsustainable Path”
Federal Reserve Chairman Jerome H. Powell expressed concern about America’s fiscal outlook and how it may affect our economic future.
Read MoreWhy Are Prescription Drug Prices Rising and How Do They Affect the U.S. Fiscal Outlook?
The rising cost of drugs has significant implications not only for Americans who rely on medications, but also for our nation’s budget and fiscal outlook.
Read MoreTwo Years Later, What Are Economists Saying about the Tax Cuts and Jobs Act?
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
Read MoreFed Reduces Target Interest Rate
Yesterday, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight.
Read MoreEconomic 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.
Read MoreWhat Is an Alternative Fiscal Scenario?
CBO prepares what is known as an alternative fiscal scenario, which can be helpful in understanding a range of potential outcomes.
Read MoreWelcome Back, Congress — Congress Faces Key Fiscal Deadline When Returning from Recess
While Congress has not taken steps toward reining in our high and rising national debt, lawmakers did address a couple of pending fiscal items.
Read MoreThree Key Ingredients for Negotiating a Fiscally Responsible Budget Deal
Brian Riedl, a senior fellow at the Manhattan Institute, details the three key ingredients for negotiating a deficit-reducing budget deal.
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