Economics
Latest
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New Economic Data Highlights Need to Fight Inflation, Not Add To It
Read moreThis morning, the Bureau of Economic Analysis estimated that Personal Consumption Expenditures (PCE) inflation rose by 1.0 percent in June and 6.8...
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To Fight Inflation, More Deficit Reduction is Better
Read moreIn recent weeks, lawmakers have been negotiating a reconciliation package that would include roughly $1 trillion of revenue and health savings along...
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Christopher Towner: Cut debt and tax carbon to help bring down inflation
Read moreChris Towner is research director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Madison News, an excerpt...
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Reconciliation Criticisms Are Off Base
Read moreAs possible elements of a deficit-reducing reconciliation agreement have emerged, critics have attacked the plan for increasing recession risk...
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Risks and Threats from Deficits and Debt
Read moreAfter two decades of uninterrupted borrowing – including three years in which deficits surpassed 10 percent of the economy – the U.S. national debt is...
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Surging Inflation Highlights Need for Deficit Reduction, Not Tax Cuts
Read moreCPI inflation set another forty-year record today, rising by 1.3 percent this month and 9.1 percent over the past year. CPI has already risen more...
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The Fed’s Latest Economic Projections Show Higher Inflation, Lower Growth
Read moreThe Federal Open Market Committee (FOMC) of the Federal Reserve released updated economic projections at its meeting last month. Along with the FOMC’s...
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Marc Goldwein: The Fed Needs a Helping Hand to Fight Inflation
Read moreMarc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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Six Ways to Fight Inflation
Read morePersonal Consumption Expenditure (PCE) inflation rose by 6.3 percent over the past year and 0.6 percent last month according to new data from the...
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Fight Inflation by Lowering Deficits, Not Boosting Them
Read moreYesterday, President Biden told reporters the Administration was nearing decisions on whether to cancel student debt by executive order and whether to...
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What Would Higher Interest Rates Mean for the Debt?
Read moreInterest payments on the national debt are projected to be the fastest-growing part of the federal budget. Under the Congressional Budget Office's...
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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...