FISCAL BLOG

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.

Federal Reserve Chairman Jerome H. Powell expressed concern about America's fiscal outlook and how it may affect our economic future.

As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.

Yesterday, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight.

Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the TCJA, though the stimulus effects of the latter are fading.

CBO prepares what is known as an alternative fiscal scenario, which can be helpful in understanding a range of potential outcomes.

While Congress has not taken steps toward reining in our high and rising national debt, lawmakers did address a couple of pending fiscal items.

Brian Riedl, a senior fellow at the Manhattan Institute, details the three key ingredients for negotiating a deficit-reducing budget deal.

CBO projects that the deficit for 2019 will be $960 billion. That’s $63 billion (or 7 percent) above its estimate from just three months ago.