Republicans will face a critical test of their unity when a spending bill that would avoid a partial government shutdown and keep federal…
The House of Representatives narrowly passed a budget resolution last month that included a framework for trillions of dollars of tax cuts…
Trying to reduce federal budget deficits by increasing the efficiency of federal operations is an appealing idea. However, greater…
This paper studies the roles of market power and taxes in determining market surplus and social welfare in the U.S. consumer firearms…
In the United States, massive fiscal expansion during the pandemic protected households and helped to return output and unemployment nearly…
We study international capital flows across 200 years. A major novelty is our analysis on official flows (government-to-government lending…
Information provided to Congress about the economic and budgetary effects of proposed legislation could be expanded and improved if further…
Martin Wolf begins The Crisis of Democratic Capitalism by observing: “As the Cold War ended, in 1989, many agreed … that the Western…
The outlook for federal debt represents a significant economic challenge for the United States. Economic developments and policy changes…
vlog's Linda Bilmes analyzes the debt ceiling showdown, the deal the two sides reached, the historical cause for Washington’s budgeting…