FISCAL BLOG

The nation’s high and rising levels of debt can affect economic growth and pose a number of risks.

Twenty years ago, the United States was on track to substantially reduce the debt, but spending increases and tax cuts altered that course.

A set of new budget estimates from the Office of Management and Budget (OMB) reveals that even if the President’s Budget were implemented in full, debt would still exceed its all-time high by the end of the decade.

Understanding the differences between foreign and native-born workers sheds light on important details of the U.S. economy.

The most recent projections from CBO confirm once again that America’s fiscal outlook is on an unsustainable path — increasingly driven by higher interest costs.

The Congressional Budget Office (CBO) updated its budget and economic projections, which now show that federal deficits are projected to be $2.1 trillion higher over the next decade than the agency projected just a few months ago.

One of the first questions at last night’s debate was about the national debt, and for good reason.

The national debt is expected to exceed its record high in just 3 years.

The CBO projects that extending the TCJA would increase deficits by $4.6 trillion over 10 years.

Interest rates on U.S. Treasury securities have a significant influence on federal borrowing costs.