Economics
Latest
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Fiscal Policy in a Time of High Inflation
Read moreInflation is currently surging at the fastest rate in more than four decades, with the Consumer Price Index (CPI) up 8.2 percent over the past year...
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Student Debt Cancellation is Not Financially Justified
Read moreThe White House has justified the unilateral implementation of its $400 billion student debt cancellation plan based on authority the Secretary of...
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Student Debt Changes Would Boost Inflation
Read moreThe student debt cancellation and relief measures announced earlier this week by the Biden Administration would cost around $500 billion over a decade...
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Cancelling Student Debt Would Undermine Inflation Reduction Act
Read moreThe recently-passed Inflation Reduction Act (IRA) will reduce budget deficits by roughly $275 billion while pushing fiscal policy in the right...
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IRA Will Help Fed Fight Inflation
Read moreA recent Penn Wharton Budget Model (PWBM) study has been used by opponents to claim the Inflation Reduction Act (IRA) would increase rather than...
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Maya MacGuineas: Five ways national debt is canceling our future
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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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...