Economy

CBO’s latest budget baseline projects ten-year deficit numbers to be slightly smaller than previously estimated, despite the passage of legislation...

According to the Congressional Budget Office (CBO), rising debt levels could reduce projected annual income by between $2,000 and $6,000 per person by...

As we've mentioned frequently, budget projections and economic forecasts are inextricably linked in determining both the nominal dollar budget numbers...

This year was an eventful one for the federal budget. To explain the year's events, CRFB wrote 427 blogs, 17 papers, and created more than a hundred...

The Federal Reserve's efforts to help the economy recover through quantitative easing (QE), twisting, and tapering have made front page news without...

A new paper suggests that tax cuts that add to the deficit provide little boost to economic growth and may actually hinder it. Last week, the Tax...

House Republicans plan to vote this week on a jobs package combining bills that would "build a robust economy and foster job creation." While...

One of the biggest stories in CBO's August budget update was the huge downward revision to expected spending on interest to service the debt, down by...

In its release this week of the economic effects of the President's budget, CBO found it would increase the size of the economy, mainly due to...

New calculations in the Congressional Budget Office's Long-Term Budget Outlook show that the high debt projected under current law could diminish...

In the context of a middling U.S. economic recovery, several commentators have argued that we should ignore deficit reduction in order to pursue...