Analysis & Indicators

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The Debate Over Earmarks

January 17, 2018

Lawmakers on Capitol Hill are debating whether to revive the practice of earmarks after President Trump expressed support for reversing a ban that has been in place since 2011.

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Changes in Borrowing Costs Can Have a Dramatic Impact on the Federal Budget

November 02, 2017
The federal government, like all entities that borrow money, pays for the privilege of doing so in the form of interest. A growing national debt therefore places a greater burden on the federal budget in the form of rising interest costs. The Congressional Budget Office (CBO) projects that under current laws, over the next decade the government will spend over $5 trillion solely to pay the interest costs for past borrowing.