by jpitney | Jul 3, 2023 | Budget, Debt, Uncategorized
From CBO: Each year, the Congressional Budget Office publishes a report presenting its projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. The long-term budget projections...
by jpitney | Jun 3, 2023 | Biden, Bipartisanship, Civility, Congress, Debt
President Biden: I want to commend Speaker McCarthy. You know, he and I, we — and our teams — we were able to get along and get things done. We were straightforward with one another, completely honest with one another, and respectful with one another. Both sides...
by jpitney | May 21, 2023 | Debt, Public Service
At WP, Jeff Stein profiles Dave Lebryk, Treasury’s fiscal assistant secretary. Lebryk provides the debt estimates to the secretary. Scrupulously apolitical, Lebryk moved through positions that gave him deep exposure to the plumbing of federal financing: deputy...
by jpitney | Jan 24, 2023 | Congress, Debt, House of Representatives
Don Wolfensberger at The Hill: Those who think a discharge petition is an EZ-pass to resolving the debt crisis are driving against traffic. A few years ago, when I charted all the discharge petitions filed from the 90th to 115th Congresses (1967-2018), I found that,...
by jpitney | Jul 17, 2022 | China, Debt, Economic Policy
Minxin Pei at Nikkei Asia: Ever since China began to binge on debt to fuel its growth in 2009, many have wondered how long the party could go on. To the chagrin of many bearish observers, predictions of a financial crisis have not panned out. Today, China’s...
by jpitney | May 14, 2022 | Budget, Debt
From CBO: The federal budget deficit was $360 billion in the first seven months of fiscal year 2022 (that is, from October 2021 through April 2022), the Congressional Budget Office estimates. That amount is about one-fifth of the $1.9 trillion shortfall recorded...
