The last time the U.S. federal deficit was this high, as a percentage of the total size of the economy, was 1946. The debt-to-GDP ratio was 119%.
In short, the needs are sweeping and urgent, and a deal needs to be struck. The Democrats in their House bill started at $3 trillion in aid.
One of the few voices that has not been silent is that of the Concord Coalition, a nonpartisan group that for many years has tried to push both parties toward balancing the federal budget.
This week, the Congressional Budget Office released its much-anticipated update to the 2020 budget baseline.
The Concord Coalition issued the following statement today by Executive Director Robert L.
In its Monthly Budget Review for June 2020, the Congressional Budget Office (CBO) said on Wednesday, July 8, that
Next week, the House of Representatives will debate its first appropriations package for the fiscal year that begins October 1.