FISCAL BLOG

Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.

President Trump released his fourth budget, which outlines the administration's policy proposals, budget projections, and economic forecast for the next decade.

Although a range of views exists about optimal near-term fiscal policy, economists agree that America's mounting debt presents significant challenges.

Growth was lower in 2019, and contributing factors to include a slowing in the growth of nonresidential investment and slower growth in the consumption.

The U.S. long-term fiscal outlook is notably worse than last year.

Let's take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.

Over the past decade, trillions of dollars were added to the national debt. Much of that growth in debt occurred as a result of the Great Recession.

Here are eleven charts that tell America’s fiscal story for 2019 — and show how our outlook went from bad to worse over the last 12 months.

The United States leads the world in an unfortunate category: the pace of growth in its debt.

The rising cost of drugs has significant implications not only for Americans who rely on medications, but also for our nation's budget and fiscal outlook.