Economics
Latest
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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...
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Fiscal Policy in a Time of High Inflation
Inflation is currently surging at the fastest rate in more than four decades, with the Consumer Price Index (CPI) up 8.2 percent over the past year...
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Student Debt Cancellation is Not Financially Justified
The White House has justified the unilateral implementation of its $400 billion student debt cancellation plan based on authority the Secretary of...
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Student Debt Changes Would Boost Inflation
The student debt cancellation and relief measures announced earlier this week by the Biden Administration would cost around $500 billion over a decade...
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Cancelling Student Debt Would Undermine Inflation Reduction Act
The recently-passed Inflation Reduction Act (IRA) will reduce budget deficits by roughly $275 billion while pushing fiscal policy in the right...
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IRA Will Help Fed Fight Inflation
A recent Penn Wharton Budget Model (PWBM) study has been used by opponents to claim the Inflation Reduction Act (IRA) would increase rather than...
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Maya MacGuineas: Five ways national debt is canceling our future
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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New Economic Data Highlights Need to Fight Inflation, Not Add To It
This morning, the Bureau of Economic Analysis estimated that Personal Consumption Expenditures (PCE) inflation rose by 1.0 percent in June and 6.8...