Economy
Latest
-
Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
-
What's in the December Jobs Report
The Bureau of Labor Statistics this morning released its monthly jobs report which showed a net loss of 140,000 jobs during the month of December. The...
-
The Response & Relief Act Would Boost Income To Record Levels
Unlike in past recessions, personal income has grown during the current crisis as a result of the aggressive fiscal and monetary actions taken to...
-
The Response & Relief Act Would Support the Economic Recovery
President Trump is yet to sign the year-end bill that contains the Coronavirus Response & Relief Supplemental Appropriations Act and accompanying...
-
What's in the Final COVID Relief Deal of 2020?
Lawmakers passed a new COVID relief deal on December 21, 2020, which was subsequently signed into law by the President on December 27. The deal in...
-
What’s in the Bipartisan COVID Relief Bill?
Lawmakers Monday released the full text of a $908 billion bipartisan stimulus package, which was released in summary form back on December 1. The...
-
Could a COVID Relief Deal Close the Output Gap?
Policymakers from both parties have endorsed plans to provide over $900 billion of COVID relief as part of a year-end funding deal. Democratic...
-
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...
-
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...
-
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...
-
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...
-
Comparing Fiscal Multipliers
The United States is currently facing one of its worst economic and public health crises as a result of COVID-19. Though substantial COVID relief has...