FISCAL BLOG

The pandemic caused a severe economic slowdown that reduced tax revenues and generated a set of large legislative responses.

The national debt is on an unsustainable path and the longer policymakers wait to take action, the more of a burden that debt will have on future generations.

President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).

The amount of defense spending in the United States dwarfs that of other nations — we spend more on defense than the next 9 countries combined.

The federal deficit is projected to be over $1 trillion each year for the next 10 years.

Social Security is the primary source of government-funded retirement support in the United States.

The enactment of the Inflation Reduction Act is a promising step forward in our nation’s fiscal situation seriously.

Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.

To illuminate what the latest economic indicators mean, connect the dots, and discuss how CBO analysis helps policymakers, CBO Director Phillip Swagel joined Peterson Foundation CEO Michael Peterson for the latest Economic Forum.

Today, the nonpartisan Congressional Budget Office (CBO) released its Long-Term Budget Outlook, which offers a look at the nation’s fiscal health through 2052.