Committee for a Responsible Federal Budget

Economics

Economics Issue Area

Latest

Policymakers Should Avoid Austerity in Addressing the Debt

The economy remains weak and may be headed for a double-dip recession this winter . Though COVID relief enacted to date has been largely successful...

GDP Did Not Just Increase 33%

Today's advanced third quarter GDP estimates from the Bureau of Economic Analysis are being reported as showing 33 percent economic growth. This...

CBO Shows "Interest" in Greater Transparency

The Congressional Budget Office (CBO) took another step last week towards greater transparency when it published an interactive workbook that allows...

IMF Report Underscores Need for Long-Term Deficit Reduction in U.S.

The International Monetary Fund (IMF) made news earlier this week when it issued a report saying that most advanced economies will not need future...

Comparing Fiscal Multipliers

The United States is currently facing one of its worst economic and public health crises as a result of COVID-19. Though substantial COVID relief has...

Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve

Janet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the Federal...

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...