The federal government is on a dangerous fiscal path. The widening gap between federal revenues and spending leads to the unsustainable trajectory of U.S. debt.
Key takeaways from the new Congressional Budget Office projections, which show a dire long-term outlook for the nation’s finances.
On June 19 BPC hosted a presentation by staff of the Congressional Budget Office (CBO) on their updated health care coverage model.
“Last month’s strong tax collections are partly a reflection of the robust expansion of the U.S. economy in 2017. This further confirms what previous indicators have shown,” said Shai Akabas, director of economic policy at the Bipartisan Policy Center.
The U.S. government ran its largest April surplus on record last month, BPC’s analysis of a new Congressional Budget Office report shows.
The U.S. government will soon be running trillion-dollar deficits and this time – absent serious action by our elected leaders – they’re here to stay.
As omnibus approaches, lawmakers should resist the temptation to throw the agency around