Committee for a Responsible Federal Budget

Economics

Economics Issue Area

Latest

Did GDP Fall by One-Third?

In their reporting on the Bureau of Economic Analysis's (BEA) second quarter Gross Domestic Product (GDP) report , several news outlets have used the...

Income Has Risen Through the COVID Recession But That May Soon Change

Despite the sharpest economic contraction is modern history, personal income has actually grown since the COVID-19 crisis started through May. While...

How Big Should the Next COVID Package Be?

With over $2 trillion of fiscal support now out the door, Congress is considering additional legislation to help stabilize the economy, support the...

CBO Releases New Economic Projections

Today, the Congressional Budget Office (CBO) released updated economic projections , incorporating the economic damage from the COVID-19 pandemic...

How Does COVID Relief Compare to Great Recession Stimulus?

Congress has enacted five pieces of legislation and committed $3.6 trillion of fiscal support so far to address public health and economic crises...

Treasury Data Shows Other Countries Not Buying Additional Debt

Total foreign holdings of United States debt held steady during the month of April despite the massive increase in government borrowing that took...

Chartbook: The COVID-19 Crisis and Federal Response

The economic crisis sparked by the COVID-19 pandemic has been sharper and more dramatic than any we have experienced in our nation’s history...

CBO Releases Interim Economic Projections

The Congressional Budget Office (CBO) has released a new set of economic projections for 2020 and 2021 showing a sharp economic contraction during...

Is the Fed Buying Our New Debt?

So far, the legislative response to the COVID-19 pandemic has injected around $1.5 trillion of fiscal support into the economy . In combination with...