Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
A new report sheds light on budgets at the state level, grading performance and identifying best practices for improvement.
Despite a growing economy and low unemployment, federal budget deficits are projected to grow over the next 10 years.
Since the shutdown began, about 800,000 federal employees have been furloughed or are working without pay.
Budget process rules like PAYGO help ensure that fiscal considerations are an important part of policymaking.
A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
Although a return to a normalized interest environment is a good sign for the strength of the economy, rate increases will make it more expensive to borrow.
The federal deficit is growing during a period of economic expansion — a pattern that is highly unusual.
It’s important for lawmakers to consider the many available policy options for improving that outlook.
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