Economics

Economics Issue Area

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The Deficit Has Never Been This High When the Economy Was This Strong

This 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...

Maya MacGuineas Discussed Rising Interest on NPR

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, discussed our deteriorating fiscal situation, including how the U.S....

3rd Quarter Growth of 3.5 Percent is Good News, But Doesn't Reflect a Sustained Boost

The Bureau of Economic Analysis (BEA) today announced its initial estimate that the economy grew at a 3.5 percent annualized rate in the...

CBO Shows Faster Growth Is Important for Fixing the Debt

Strong, sustained economic growth is an important ingredient in putting the debt on a sustainable course. In addition to increasing incomes and...

CBO Releases New Economic Projections

The Congressional Budget Office (CBO) released new ten-year economic projections today, updating its projections from April. The latest...

Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?

In 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...

Growth Just Hit 4.1 Percent – Don't Expect It To Last

The Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second ...

Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?

UPDATE: The FRBSF paper has been corrected to remove the erroneous claim that CBO’s growth estimates are well in excess of theirs. The below fact...

The Deficit Is Not "Coming Down Rapidly"

This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added...