Economics
Latest
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Revised Projections from CBO, OMB, & Fed Give Hope of “Soft Landing”
Recent economic forecasts from the Congressional Budget Office (CBO), the Office of Management and Budget (OMB), and the Federal Reserve (Fed) present...
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The High Cost of Borrowing at Low Rates
Federal interest spending is on track to nearly double between 2020 and 2023 and projected to double again by 2032, due to rising interest rates and a...
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Interest Rates Hit 16-Year Record
Interest rates are on the rise, with daily Treasury yields up in nearly every maturity since the beginning of August. This piece takes a closer look...
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CBO Outlines Negative Implications of High & Rising National Debt
In its June 2023 Long-Term Budget Outlook, the Congressional Budget Office (CBO) dedicated an entire section to discussing the risks and threats of...
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The World Economic Outlook Projects Stronger Growth and Still High Inflation
The International Monetary Fund (IMF) released its July 2023 World Economic Outlook, projecting global economic growth will fall from 3.5 percent in...
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Comparing CBO’s Economic Projections to Other Forecasts
Growth in the economy will slow over the coming year as unemployment rises and inflation eases modestly, according to the Congressional Budget Office...
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2022 Inflation Hit a 41 Year Record
Inflation surged at the fastest pace since 1981 last year, based on the final Consumer Price Index (CPI) and Personal Consumption Expenditure Price...
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Biden IDR Plan Will Cost More than Advertised
Last month, the Biden Administration put forward a proposed rule to unilaterally expand the Income-Driven Repayment (IDR) program for student debt. In...
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Marc Goldwein on You Don't Have to Yell Podcast Discussing Debt Ceiling
Committee for a Responsible Federal Budget Senior Vice President and Senior Policy Director Marc Goldwein recently appeared on the " You Don't Have to...
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The 2022 U.S. Economy in Ten Charts
In economic history, 2022 will be remembered for high and rising inflation and rising interest rates in response. While high inflation dominated the...
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Chris Towner: Three Charts That Tell America’s Troubling Fiscal Tale
Chris Towner is policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Inside Sources , an excerpt...
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Mitch Daniels: Modern Monetary Theory, debunked everywhere except among government big-spenders
Mitch Daniels is the president of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget, and a co...