Committee for a Responsible Federal Budget

Economics

Economics Issue Area

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How Much Would the American Rescue Plan Overshoot the Output Gap?

The Congressional Budget Office (CBO) projected on Monday that the nation’s output gap – the difference between actual economic activity and...

CBO Releases New 10-Year Economic Projections

Yesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic projections, illustrating the economic damage from the COVID...

America Faces a $380 Billion Output Gap

Today's economic projections from the Congressional Budget Office (CBO) show the economy is likely to experience a strong economic recovery, but...

What Do Today's GDP Numbers Tell Us About the Output Gap?

The Bureau of Economic Analysis today released its advanced estimates for fourth quarter Gross Domestic Product (GDP). The report showed that real...

Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners

In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the...

What's in the December Jobs Report

The Bureau of Labor Statistics this morning released its monthly jobs report which showed a net loss of 140,000 jobs during the month of December...

Breaking Down $3.4 Trillion in COVID Relief

With the passage of the Response & Relief Act , Congress has now allocated nearly $4 trillion of COVID relief at a net cost of over $3.4 trillion...

Maya MacGuineas Joins Fox Business to Fiscal Policy After Georgia Senate Runoffs

Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Fox Business to discuss what the political and economic...

The Response & Relief Act Would Support the Economic Recovery

President Trump is yet to sign the year-end bill that contains the Coronavirus Response & Relief Supplemental Appropriations Act and accompanying...