Report
Build Back Better Investments Are Fiscally Sustainable
Policymakers have committed to offsetting the costs of the bill’s new investments and have proposed a series of sound measures to do so.
Budget Outlook
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Policy Basics
Long-term deficits and debt will affect the nation’s ability to fund important investments in the future.
We analyze long-term deficit and debt trends to illustrate the challenges we face and highlight potential solutions. We also encourage policymakers to enact measures to strengthen today’s job market as well as measures to reduce longer-term deficits.
Experts
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Build Back Better Would Save About $2 Trillion in Second Decade
The CBO estimates of BBB show that it would cost a modest $158 billion over the next ten years, with costs turning to savings by...
Build Back Better Investments Are Fiscally Sustainable
Policymakers have committed to offsetting the costs of the bill’s new investments and have proposed a series of sound measures to do...
Latest CBO Projections Show Federal Interest Payments to Remain Low for Several Years
Concerns about growing federal debt should not dissuade policymakers from enacting additional measures to respond to COVID-19 and the economic crisis it spurred, such as those President Biden...
Economic Think Tank Leaders Urge Policymakers to Pass Robust COVID Relief to Control the Virus, Address Hardship, Boost Economy
Speaker of the House Nancy Pelosi
H-232, The Capitol
Washington, DC 20515
Majority Leader Chuck Schumer
S-221, The Capitol
Washington, DC 20510
Minority Leader Kevin McCarthy
H-204,...
Federal Interest Payments — the Cost of Debt — Are Low
Update, February 24, 2021: Click here for an updated post with more recent projections.
Concerns about growing federal debt should not dissuade policymakers from enacting...
Rising Federal Debt Should Not Shortchange Response to COVID-19 Crisis
It would be unwise and self-defeating to let debt concerns deter policymakers from taking needed steps to fight hardship and to bolster and then revive the...
Putting the Size of the Needed COVID-19 Fiscal Response in Perspective
The severe and unprecedented size of the health, human, and economic crisis caused by COVID-19 should determine the size of the legislative...
Commentary: Deficit and Debt Shouldn’t Factor Into Coronavirus Recession Response
Given the magnitude of the crisis, now is not the time for policymakers to worry about raising deficits and debt as they consider what steps to...
Long-Term Budget Outlook Has Improved Substantially Since 2010 But Remains Challenging
The nation’s projected long-term finances have notably improved, largely due to significant reductions in prospective health care cost growth and interest...
In a Recession, Put Deficit Concerns Aside
The economy is in the 124th month of the longest expansion on record, and while expansions don’t die from old age alone, fears are rising that a recession may be on the horizon. Recessions can...