Economy
Latest
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What's in the $1.9 Trillion House COVID Relief Bill?
The House of Representatives is currently in the process of considering the next COVID relief bill. Nine of the 12 House committees have approved...
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State and Local Governments Do Not Need Half a Trillion in COVID Relief
The American Rescue Plan currently making its way through Congress contains over $500 billion of aid to state and local governments. A number of...
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Voices Skeptical of the Size of $1.9 Trillion COVID Relief Plan
Congress is currently marking up a $1.9 trillion COVID relief package using budget reconciliation. While it's important to spend what is necessary to...
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CBO Releases New 10-Year Economic Projections
Yesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic projections, illustrating the economic damage from the COVID...
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America Faces a $380 Billion Output Gap
Today's economic projections from the Congressional Budget Office (CBO) show the economy is likely to experience a strong economic recovery, but...
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What Do Today's GDP Numbers Tell Us About the Output Gap?
The Bureau of Economic Analysis today released its advanced estimates for fourth quarter Gross Domestic Product (GDP). The report showed that real GDP...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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What's in the December Jobs Report
The Bureau of Labor Statistics this morning released its monthly jobs report which showed a net loss of 140,000 jobs during the month of December. The...
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The Response & Relief Act Would Boost Income To Record Levels
Unlike in past recessions, personal income has grown during the current crisis as a result of the aggressive fiscal and monetary actions taken to...
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The Response & Relief Act Would Support the Economic Recovery
President Trump is yet to sign the year-end bill that contains the Coronavirus Response & Relief Supplemental Appropriations Act and accompanying...
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What's in the Final COVID Relief Deal of 2020?
Lawmakers passed a new COVID relief deal on December 21, 2020, which was subsequently signed into law by the President on December 27. The deal in...
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What’s in the Bipartisan COVID Relief Bill?
Lawmakers Monday released the full text of a $908 billion bipartisan stimulus package, which was released in summary form back on December 1. The...