Economics
Latest
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Mitch Daniels: Debt disaster denialists think America has a new magic bullet
Read moreMitch Daniels is a former Governor of Indiana and former President of Purdue University. He is also a Co-Chair of the Board of Directors of the...
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Inflation Spikes to Highest in Nearly Two Years
Read moreThe Consumer Price Index (CPI) increased a massive 0.9% in March, driven largely by rising energy prices, and is up 3.3% over the past year – putting...
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Weak Auctions Underscore Risks of our Growing Debt Burden
Read moreAuctions for the 2-year, 5-year, and 7-year Treasury notes went poorly last week and Treasury yields spiked, raising concerns about investor demand...
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Break Glass: A Plan for the Next Economic Shock
Read moreThe U.S. has never experienced an economic shock as indebted as we are today. Recessions and other economic shocks are inevitable. Although the timing...
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The State of Our Union is More Indebted Than Ever
Read morePresident Trump will deliver the State of the Union address this evening before a joint session of Congress. The occasion offers the President the...
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New Paper Estimates Upper Limit on Debt
Read moreIn a new working paper published by the National Bureau of Economic Research, economists Vadim Elenev, Tim Landvoigt, and Stijn Van Nieuwerburgh...
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Getting to 3%: An Open Letter to Lawmakers
Read moreToday, the Board of Directors for the Committee for a Responsible Federal Budget released an open letter calling on lawmakers to adopt a fiscal goal...
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CBO Releases Economic Projections From 2025 to 2028
Read moreThe Congressional Budget Office (CBO) recently released its updated economic projections for 2025 through 2028, updated from its January 2025 baseline...
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An Economic Sugar High Doesn’t Mean Sustained Growth
Read moreThe recently-enacted One Big Beautiful Bill Act (OBBBA) is expected to significantly boost near-term economic activity, but is unlikely to accelerate...
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How Much Would OBBBA Pay For Itself?
Read moreThe House-passed One Big Beautiful Bill Act (OBBBA) would add about $3 trillion to the debt, including interest, on a conventional basis. However...
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Mortgage Costs Could Rise Under Debt-Financed Reconciliation Bill
Read moreA deficit-financed reconciliation bill could raise Americans’ mortgage costs by thousands of dollars per year by pushing up interest rates. The House...
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Income Growth Would Slow Due to Rising Debt
Read moreA new report from the Congressional Budget Office (CBO) finds rising debt will slow economic growth and result in lower incomes than they would be...