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Feb 1, 2024 · The report describes the federal government’s unsustainable long-term fiscal path and calls on Congress to develop a plan to address the nation’s rapidly growing debt levels, review all current spending and revenue policies, and help pivot to a long-term sustainable fiscal path.
Mar 24, 2021 · The enormous $5.2 trillion U.S. fiscal response to the COVID-19 pandemic likely has put the economy on a path to recovery, but it may end up discouraging future spending on other pressing needs,...
Jun 3, 2023 · June 3, 2023. President Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday, ending for now the threat of economic calamity from a default on the nation’s debt and putting...
Mar 28, 2022 · Phillip Swagel Director - Congressional Budget Office. A BPEA panel discussed the implications of interest rates and inflation for U.S. fiscal policy following the COVID-19 pandemic.
Oct 19, 2021 · The Hutchins Center Fiscal Impact Measure (FIM)—which measures how much federal, state, and local tax and spending policy adds to or subtracts from overall economic growth—shows that fiscal...
Apr 12, 2023 · Our latest Fiscal Monitor discusses how exceptional economic conditions since the pandemic have shaped fiscal outcomes. It calls for consistent policies to bring inflation back to target, address public finance risks while protecting the most vulnerable, and safeguard financial stability.
Jan 19, 2023 · Federal spending declined from its pandemic high in 2022, reaching nearly $6 trillion in the fiscal year, or just under 24 percent of the economy. The federal budget deficit, which is the...
