In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...
Under the CRFB August Adjusted Baseline, debt will reach 120% of Gross Domestic Product (GDP) and deficits will rise to $2.6 ...
Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8.5 ...
WASHINGTON -- Despite increasing revenues from tariffs on imported goods, the federal government reported a monthly deficit of $291.1 billion for July, a 19.4% increase from July 2024's monthly ...
“We have to return to a reasonable pre-pandemic level of spending,” says Republican US Senator Ron Johnson of Wisconsin, who doesn’t like the budget bill that passed in the House because it doesn’t ...
The U.S. federal deficit remains historically high, but recent fiscal swings have not significantly disrupted economic growth or inflation trends. Since 2009, the Federal Reserve's shift to a quantity ...
President Donald Trump's "big beautiful" tax-and-spending bill, which he signed into law on July 4, is forecast to increase federal deficits by at least $3.4 trillion over the next decade, according ...
Corporate America loves huge and growing federal government deficits. Few corporate leaders will admit this, but the fact is that a dramatic reduction in the federal deficit would lead to a decline of ...
STOCKBIDGE —"It ain't what you know that gets you into trouble. It's what you know for sure that just ain't so." This quote is often attributed to Mark Twain but, according to the Center for Mark ...
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