Economics
Latest
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Surging Inflation Calls for Responsible Budgeting
Read moreToday, the Bureau of Labor Statistics estimated the Consumer Price Index (CPI) grew by 1.0 percent in May and 8.6 percent over the past year. Core CPI...
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Rumored Student Loan Cancellation Would Cost $230 Billion
Read morePress reports indicate that President Biden could soon announce a plan to cancel at least $10,000 in debt for the vast majority of student loan...
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Presentation: Fiscal Policy in a Time of High Inflation
Read moreOn May 26, 2022, Marc Goldwein of the Committee for a Responsible Federal Budget gave a presentation to the National Economists Club on the possible...
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April CPI Shows Inflation Is Still Out of Control
Read moreToday, the Bureau of Labor Statistics estimated the Consumer Price Index (CPI) grew by 0.3 percent in April and 8.3 percent over the past year. Core...
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Fed’s Interest Rate Hike Underlines Importance of Reducing Debt
Read moreThe Federal Open Market Committee (FOMC) of the Federal Reserve just announced an interest rate hike of 50 basis points, pushing the federal funds...
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CPI Inflation Tops 8.5% Over a Year in March
Read moreThe Consumer Price Index (CPI) jumped 1.2 percent in March, and is now up 8.5 percent from a year ago – the highest year-over-year increase in 40...
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The 2021 U.S. Economy in Ten Charts
Read more2021 was a unique year in economic history. Assisted by new COVID vaccines, accommodative monetary policy, and trillions of fiscal stimulus, the US...
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How Would Higher Interest Rates Affect Interest Payments?
Read moreInterest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional Budget Office...
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2021 Inflation Totaled 6.7 Percent
Read moreThe Bureau of Labor Statistics (BLS) today released Consumer Price Index (CPI) inflation data for December 2021. Based on BLS’s data, we estimate CPI...
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Reducing Build Back Better Inflation Risk
Read moreAs we recently discussed, the House-passed Build Back Better Act is likely to be modestly inflationary over the next few years. Though we expect the...
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What Will Build Back Better Mean for Inflation?
Read moreWith inflation on track to reach its highest annual rate since 1990, experts and advocates are in disagreement over whether the Build Back Better Act...
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State and Local Governments Flush with Cash
Read moreThe Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021...