Economics

Economics Issue Area

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CBO: Fixing the Debt Could Increase Average Income by $6,000 Per Person

While some recent commentators have suggested Americans stop worrying about our debt, evidence shows there is a significant upside to addressing...

The Deficit Has Never Been This High When the Economy Was This Strong

This year, the budget deficit is projected to total about $970 billion – 4.6 percent of GDP – up from $666 billion (3.5 percent of GDP) in...

Maya MacGuineas Discussed Rising Interest on NPR

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, discussed our deteriorating fiscal situation, including how the U.S....

3rd Quarter Growth of 3.5 Percent is Good News, But Doesn't Reflect a Sustained Boost

The Bureau of Economic Analysis (BEA) today announced its initial estimate that the economy grew at a 3.5 percent annualized rate in the...

CBO Shows Faster Growth Is Important for Fixing the Debt

Strong, sustained economic growth is an important ingredient in putting the debt on a sustainable course. In addition to increasing incomes and...

CBO Releases New Economic Projections

The Congressional Budget Office (CBO) released new ten-year economic projections today, updating its projections from April. The latest...

Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?

In a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to...

Growth Just Hit 4.1 Percent – Don't Expect It To Last

The Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second ...

Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?

UPDATE: The FRBSF paper has been corrected to remove the erroneous claim that CBO’s growth estimates are well in excess of theirs. The below fact...