Economy

The Congressional Budget Office (CBO) released a report today detailing the macroeconomic effects of two illustrative, $500 billion infrastructure...

Last year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and speculated...

Of the $5.9 trillion ($5.2 trillion net) of enacted COVID relief, we estimate $3.6 trillion was committed or disbursed over the one-year period...

Recently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...

Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently appeared on The...

Recently, we put forward our principles for responsible COVID relief. The $1.9 trillion American Rescue Plan currently under consideration in the...

The House of Representatives is currently in the process of considering the next COVID relief bill. Nine of the 12 House committees have approved...

The American Rescue Plan currently making its way through Congress contains over $500 billion of aid to state and local governments. A number of...

Congress is currently marking up a $1.9 trillion COVID relief package using budget reconciliation. While it's important to spend what is necessary to...

Yesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic projections, illustrating the economic damage from the COVID...

Today's economic projections from the Congressional Budget Office (CBO) show the economy is likely to experience a strong economic recovery, but...

The Bureau of Economic Analysis today released its advanced estimates for fourth quarter Gross Domestic Product (GDP). The report showed that real GDP...