Economy
Latest
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Written Testimony on Our Nation's Crumbling Infrastructure and the Need for Immediate Action
Read moreThe Committee for a Responsible Federal Budget submitted testimony for the record pertaining to the House Ways and Means Committee hearing on "Our...
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Analysis of CBO’s January 2019 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its Budget and Economic Outlook today, projecting high and rising deficits and debt over the next...
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The Government Shutdown Could Wipe Out Recent Stimulus Effects on This Quarter
Read moreThe current government shutdown has lasted long enough to temporarily erase all the positive stimulus effects of recent major legislation. Chairman of...
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The Shutdown's Economic Toll Equals the Average Hurricane
Read moreThe current government shutdown is the economic equivalent of a self-imposed natural disaster. As the 32nd day of the longest government shutdown in...
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CBO: Fixing the Debt Could Increase Average Income by $6,000 Per Person
Read moreWhile some recent commentators have suggested Americans stop worrying about our debt, evidence shows there is a significant upside to addressing our...
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The Deficit Has Never Been This High When the Economy Was This Strong
Read moreThis year, the budget deficit is projected to total about $970 billion – 4.6 percent of GDP – up from $666 billion (3.5 percent of GDP) in 2017. This...
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3rd Quarter Growth of 3.5 Percent is Good News, But Doesn't Reflect a Sustained Boost
Read moreThe Bureau of Economic Analysis (BEA) today announced its initial estimate that the economy grew at a 3.5 percent annualized rate in the third quarter...
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CBO Shows Faster Growth Is Important for Fixing the Debt
Read moreStrong, sustained economic growth is an important ingredient in putting the debt on a sustainable course. In addition to increasing incomes and...
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Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?
Read moreIn a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to recent...
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Growth Just Hit 4.1 Percent – Don't Expect It To Last
Read moreThe Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second quarter of...
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The Deficit Is Not "Coming Down Rapidly"
Read moreThis morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added): "As...
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Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”
Read moreIn a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged, the...