| Tuesday August 3, 2021 at 4:37 PM PDT
The Congressional Budget Office has updated its earlier budget and economic outlook for the next 10 years. There is one big takeaway from their revised outlook. The Biden-Harris administration’s planned spending is on an unsustainable path. The following chart from the CBO’s report shows what that means in terms of expected spending and tax...Read More »
| Thursday November 14, 2019 at 7:28 PM PST
Less than two months after acting to bail out the nation’s money markets because of a liquidity crisis that arose from a surge in U.S. government borrowing to fund its spending, Federal Reserve Chair Jerome Powell testified before the U.S. Congress that the federal government’s current course of debt-fueled spending is on an “unsustainable...Read More »
| Tuesday July 2, 2019 at 9:00 AM PDT
The Congressional Budget Office has published its Long-Term Budget Outlook for 2019, projecting the U.S. government’s fiscal health will become much worse over the next 30 years in its baseline scenario.