·May 11, 2020
The Brookings Institution and EconoFact
The U.S. government has responded to the severe economic downturn brought on by the coronavirus crisis with several major relief packages at an estimated cost over $2.9 trillion so far. Some political leaders are now questioning further government spending, pointing to sizable long-term fiscal shortfalls.
·February 13, 2019
Over the next ten years, the United States is on course for routine trillion-dollar annual deficits in the federal budget and the highest debt-to-GDP ratio in its history. Beyond the next decade, large and rising projected annual deficits will push the national debt steadily upwards, reaching almost