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End-of-Year Deadlines For Congress
Many economic relief provisions from the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other COVID-related bills expire at the end of...
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Policymakers Should Avoid Austerity in Addressing the Debt
The economy remains weak and may be headed for a double-dip recession this winter. Though COVID relief enacted to date has been largely successful in...
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COVID Money Tracker Insights
Each week, we update our COVID Money Tracker tool with the latest commitments and disbursals from the federal response to the novel coronavirus...
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Canceling Student Loan Debt Is Poor Economic Stimulus
Note: We published a follow-up piece on June 3, 2021 estimating the fiscal multipliers for cancelling $10,000 and $50,000 in federal student loan debt...
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Opportunities for Bipartisanship in a Divided Government
In 2021, the United States is likely to operate with divided or near-divided government. Democrats are slated to control the White House and the House...
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CBO Confirms Debt Exceeded 100% of GDP for FY 2020
For Immediate Release The Congressional Budget Office today released an end-of-year summary report for fiscal year 2020, which confirms that the...
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Maya MacGuineas and Mike Murphy: Polarization has put America's democracy in peril. But on this Election Day, there are reasons to be hopeful that the US can heal.
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and Mike Murphy is director of the Committee's FixUS initiative. They...
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GAO: Fiscal Targets Can Assist Deficit Reduction
The Government Accountability Office (GAO) recently published a report, The Nation’s Fiscal Health: Effective Use of Fiscal Rules and Targets. These...
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Maya MacGuineas: The national debt still matters, despite low interest rates
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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GDP Did Not Just Increase 33%
Today's advanced third quarter GDP estimates from the Bureau of Economic Analysis are being reported as showing 33 percent economic growth. This...
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The Cost of the Trump and Biden COVID Response Plans
The COVID pandemic has caused considerable economic damage and human suffering. Policymakers responded aggressively this spring to address the...
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A Closer Look at the Record $3.1 Trillion Deficit in FY 2020
The Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2020, showing a record $3.1 trillion deficit for the year...