Economy

Concept_Calculator

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...

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...
Concept_calculator

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...

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...
Concept_Stock Market_Recession

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 ...
Concept_Stock Market_Recession

The Deficit Is Not "Coming Down Rapidly"

This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added...
Concept_Capitol Building_Money

Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”

In a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged...
Concept_Scale

CBO Economic Forecasts Are Similar to the Consensus, Unlike OMB

The Congressional Budget Office's (CBO) analysis of the President's Fiscal Year (FY) 2019 budget found that the President's policies would still...

Can America Sustain the Recent Economic Boost?

Key Takeaways: The good news is that the economy is doing well; however, this is unlikely to turn into sustained growth at the same rate. Short-...
Concept_calculator

It Would Take Nearly Unprecedented Economic Growth to Balance the Budget

Increased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation....

Pages