Last week the Economist published an article entitled America's debt ceiling: The mother of all tail risks. This article explains what could happen if...

Where Is Our Columbo? – Peter Falk, the award-winning actor best known for playing the rumpled, yet wily, Lt. Columbo, died on Thursday. Falk, who was...

Despite House Majority Leader Eric Cantor’s (R-VA) decision yesterday to withdraw from the Biden-led negotiations to avoid default, there is still...

Continuing our analysis of CBO's Long-Term Outlook, we looked yesterday at the policy assumptions under CBO's two budget paths and at spending and...

At 10am today, CBO director Doug Elmendorf will testify before the House Budget Committee on CBO's latest Long-Term Budget Outlook, released yesterday...

As we explained in our recent analysis of CBO's Long-Term Budget Outlook, the debt is on an unsustainable path. Only a decade from now, under their...

Spending and revenues in the long-term outlook is always an interesting topic to discuss. Just like with debt, you find words and phrases like...

Update: Our paper on CBO's Long Term Outlook has been released. CBO has just released its 2011 Long Term Outlook, detailing spending, revenue, and...

With the release of CBO's Long-Term Outlook, we thought it would be useful to break down the assumptions that the Extended-Baseline and the...