Economy
Latest
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CBO Shows Faster Growth Is Important for Fixing the Debt
Read moreStrong, sustained economic growth is an important ingredient in putting the debt on a sustainable course. In addition to increasing incomes and...
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Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?
Read moreIn a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to recent...
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Growth Just Hit 4.1 Percent – Don't Expect It To Last
Read moreThe Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second quarter of...
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The Deficit Is Not "Coming Down Rapidly"
Read moreThis morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added): "As...
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Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”
Read moreIn a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged, the...
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CBO Economic Forecasts Are Similar to the Consensus, Unlike OMB
Read moreThe Congressional Budget Office's (CBO) analysis of the President's Fiscal Year (FY) 2019 budget found that the President's policies would still...
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Can America Sustain the Recent Economic Boost?
Read moreKey Takeaways: The good news is that the economy is doing well; however, this is unlikely to turn into sustained growth at the same rate. Short-term...
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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget
Read moreIncreased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation. However...
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Factchecking the Senate Budget Committee Hearing with CBO
Read moreAt least two claims in Wednesday's Senate Budget Committee hearing with Congressional Budget Office (CBO) Director Keith Hall merit fact checking...
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Rising Rates Could Further Balloon Interest Spending
Read moreNote (5/15/2018): This blog was published before CBO's April 2018 baseline, which provides official estimates of the amount of interest that will be...
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Maya MacGuineas: Federal Budget Increasingly Tilted Against Investment in Children
Read moreMaya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Can Tax Reform Generate 0.4% Additional Growth?
Read moreWell-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth, as...