Deficits and the Federal Debt

 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...

Dave Lebryk, Public Servant

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...

Chinese Debt Bomb is Ticking

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...

Modestly Good News on the Deficit

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...