| Tuesday September 15, 2020 at 8:35 AM PDT
The Congressional Budget Office has just released a dismal update of the 10-year budget projections it released just six months ago. The update reveals how much the U.S. government’s fiscal outlook has changed for the worse because of COVID-19. That impact starts with a picture of just how big a hole COVID-19 has blown...Read More »
| Monday September 16, 2019 at 10:42 AM PDT
The U.S. government’s total public debt outstanding has nearly reached $22.6 trillion with two weeks left to go in the government’s 2019 fiscal year.
| Thursday July 11, 2019 at 8:56 AM PDT
The Tax Cut and Jobs Act of 2017 appears to be delivering an unexpected benefit to state governments: It is lowering their cost of their borrowing.
| Monday May 13, 2019 at 4:26 PM PDT
Where the primary cause of the U.S. government’s growing deficits and national debt is concerned, it’s the spending, stupid!
| Friday April 19, 2019 at 1:40 PM PDT
Together, faster economic growth and increased numbers of Americans earning higher incomes led to increased individual tax collections.
| Thursday November 15, 2018 at 2:10 PM PST
Treasury department’s new graphic helps explain deficit.
Lawrence J. McQuillan
| Tuesday November 6, 2018 at 8:56 AM PST
More than half of Americans receive more money from gov. transfer programs than they pay in federal taxes.