Economics
Latest
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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... -
Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue
Read morePolicymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of... -
CBO Report Shows Infrastructure is More Pro-Growth When It's Paid For
Read moreThe Congressional Budget Office (CBO) released a report today detailing the macroeconomic effects of two illustrative, $500 billion infrastructure... -
Trust Fund Solutions Would Be Pro-Growth
Read moreIn our recent paper “ The Case for Trust Fund Solutions,” we showed that making the Social Security, Medicare, and highway trust funds solvent would... -
Five Reasons to Pay for New Investments
Read moreCongress and the Administration are currently negotiating and developing legislation to invest in physical infrastructure, education, and other areas... -
COVID Relief Continues to Bolster Personal Income
Read moreNew data from the Bureau of Economic Analysis (BEA) for the month of April shows that disposable personal income (DPI) was 12.0 percent above pre... -
Partial Student Debt Cancellation is Poor Economic Stimulus
Read moreLast year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and speculated... -
Interest Payments in the Federal Budget
Read moreAt a projected cost of over $300 billion this fiscal year, interest payments are a significant part of the federal budget. Net interest is currently... -
COVID Relief Lifted Personal Income to Record Levels
Read moreOf the $5.9 trillion ($5.2 trillion net) of enacted COVID relief, we estimate $3.6 trillion was committed or disbursed over the one-year period... -
How Much Would the American Rescue Plan Overshoot the Output Gap?
Read moreThe Congressional Budget Office (CBO) projected on Monday that the nation’s output gap – the difference between actual economic activity and potential... -
CBO Releases New 10-Year Economic Projections
Read moreYesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic projections, illustrating the economic damage from the COVID... -
America Faces a $380 Billion Output Gap
Read moreToday's economic projections from the Congressional Budget Office (CBO) show the economy is likely to experience a strong economic recovery, but...