Report
Needs of Younger Generations Argue for Further Fiscal Relief and Stimulus
Shortchanging the immediate substantial needs of the economy in the name of younger generations would be shortsighted and even self-defeating.
Federal Budget
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Policy Basics
The budget details what the federal government will spend on particular programs and how it will finance that spending.
We analyze the President’s annual budget proposal and major congressional budget plans, focusing especially on programs for low- and moderate-income families. We also examine long-term budget challenges and promote measures to improve fiscal responsibility in an equitable way.
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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...
Roundup: Congressional Action on COVID Relief
Both the House and the Senate have passed a fiscal year 2021 budget resolution and will work in the coming weeks to pass urgently needed COVID-19 relief legislation. We’ve excerpted below CBPP’s...
Next Relief Package Must Be Large Enough to Fight Virus, Relieve Hardship
As policymakers debate the scope of the next federal response to COVID-19 and the economic crisis, the Congressional Budget Office (CBO) projected a stronger recovery than it projected in July of...
Budget Resolution Marks Important Step Toward Urgently Needed COVID Relief
The House and Senate this week are considering the budget resolution for fiscal year 2021, a first step toward enacting much-needed COVID relief using the fast-track “reconciliation” process for...
Additional Funding Needed for Legal Service Corporation
Policymakers should provide at least $100 million in additional funding for the Legal Services Corporation (LSC) for this fiscal year in the face of rising need, which would help low-income...
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 additional...
Parrott: Our Democracy’s Peaceful Levers of Change, Not Lies and Violence, Should Be Celebrated and Strengthened
While we are relieved that some sense of democratic order was restored, we remain deeply troubled by the events of this day and the fractures in our country they reveal once again....
More Economic Relief Needed, Despite Rising Debt
Rising federal debt should not deter policymakers from enacting additional relief measures to alleviate widespread hardship and keep the economic recovery from losing steam.
COVID-19, the...