Starting in the 11th year of each long-term budget projection, the CBO assumes discretionary funding grows with the GDP rather than inflation—and starting in 2023, the CBO implemented a five ...

JPMorgan has cautioned that the present economic landscape might evolve into a scenario reminiscent of the 1970s, featuring ...

We’re also seeing 30-year fixed mortgage rates above 7% again after temporarily dipping. And credit card debt exploded to a ...

With headline consumer price index inflation ... the CBO projects that federal spending will grow to 23.1% of our GDP, up from the 21% it averaged from 1994 through 2023. The deficit will nearly ...

This is compared to $308 billion during the same period in fiscal year 2023, marking a 43% increase according to the CBO ... Reserve aims to counteract high inflation levels, which peaked ...

“Federal Funds Rate History 1990 to 2023.” Forbes Advisor. 17 Oct 2023. Rugaber, Christopher. “Federal Reserve raises rates ...

In 2019, the CBO projected that net immigration ... per month last year without putting pressure on inflation. Employment growth in 2023 turned out to be two to four times that pace—an average ...

While former President Donald Trump spent much of his week in court, President Joe Biden visited the swing state of ...

Seeking asylum, they received a work permit last year and found jobs in Rock Hill, South Carolina. “My plan is to help my ...

With headline consumer price index inflation ... the CBO projects that federal spending will grow to 23.1% of our GDP, up from the 21% it averaged from 1994 through 2023. The deficit will nearly ...

The Biden administration?s fiscal policy is a cause for concern, according to a report The International Monetary Fund (IMF) ...