International
Latest
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House Supplemental Should Find Real Offsets
Today, the House of Representatives released draft legislation to provide emergency funding related to the conflict in Israel and Gaza. The $14.3...
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CRFB Reacts to $106 Billion of Supplemental Funding
Today, the White House requested $106 billion of supplemental appropriations to address the conflicts in Ukraine, Israel, and Gaza as well as border...
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Congress Approved $113 Billion of Aid to Ukraine in 2022
Since Russia launched its invasion of Ukraine less than one year ago, Congress has approved more than $113 billion of aid and military assistance to...
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IMF: U.S. Continues to Stand Out with Growing Debt
The United States ranks number one among advanced economies in expected increase of debt as a percentage of Gross Domestic Product (GDP) according to...
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IMF: US is the Only Advanced Economy With Debt Rising
The International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...
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Greece is Rather Unique
The Greek saga took another turn last week as the second bailout from the Eurozone countries approved in 2012 expired on June 30, leading to Greece...
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CFR: U.S. Falling Behind Other Advanced Countries on Debt
The Council on Foreign Relations has released a new report and scorecard comparing the United States federal debt situation to other G-7 countries...
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The IMF Looks at Budget Institutions in G-20 Countries
The International Monetary Fund recently published a study on budget institutions in G-20 countries. The study takes stock of these countries'...
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Baucus Releases International Tax Reform Draft
This week, Senate Finance Committee Chairman Max Baucus (D-MT) is moving ahead with tax reform, starting with the release of discussion drafts on...
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What Works and What Doesn't for Deficit Reduction
The IMF's most recent World Economic Outlook has a very helpful chapter looking at six case studies on countries who have dealt with a high debt...
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Lessons from Canada
The United States is not the only country in the world who has, or is, facing fiscal problems. Our neighbor to the north faced some severe fiscal...
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Warning Shots for Lawmakers on the Debt
Today, the credit rating agency Moody’s made it clear that it is unlikely that the U.S. will be able to maintain its Aaa rating unless a comprehensive...