Latest
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Carlo Cottarelli Joins the Announcement Effect Club
You might have missed it yesterday, but during the second meeting of the National Commission on Fiscal Responsibility and Reform, IMF Director of...
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CBO Estimates the Effects of the Stimulus
CBO recently put out its quarterly estimate of the macroeconomic effects of the American Recovery and Reinvestment Act of 2009 (ARRA). They found that...
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Fiscal Targets: Why We Need Both Medium and Long-Term Targets
The President's Fiscal Commission has been charged with proposing: "Recommendations designed to balance the budget, excluding interest payments on the...
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OECD on the Fiscal Outlook: The Way Forward
The OECD (the Organization for Economic Cooperation and Development, the Paris-based think tank for the 31 richest countries) released its twice-a...
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Senate Will Vote Today on War Supplemental -- and Paying for It
A close vote is expected today to end debate in the senate on a $59 billion supplemental that includes funding for operations in Iraq and Afghanistan...
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Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?
Larry Summers gave a very interesting and thoughtful talk in Washington recently (May 24). But it was delivered in High Oracular Econospeak, so many...
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Live Webcast: Fiscal Commission's Second Meeting
The President's Fiscal Commission is holding its second public meeting, which is being webcast live on the White House's website. We've embedded the...
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Spending Cuts Make Good Offsets Too
The extenders bill the House is considering would cost $190 billion between 2010-2020. Only $56 billion of that would be offset. Emergency...
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The Budgetary Impacts of Fed Actions
Yesterday CBO issued a very interesting report on the budgetary impact of the Federal Reserve's actions to address the economic and financial crisis...
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Aging and Entitlements
The U.S. Census Bureau came out with with a report this month on aging in the United States. Not to anyone's surprise, the report found that between...
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Estimates of the Wyden-Gregg Tax Reform Bill
A few months back, we discussed a comprehensive proposal by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), the Bipartisan Tax Fairness and...
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Safety Net and Tax Extender Proposals Are Still Not Paid For
CBO and JCT have released updated cost estimates of the most recent version of the American Jobs and Closing Tax Loopholes Act (H.R. 4213), a bill...