Committee for a Responsible Federal Budget

Economics

Economics Issue Area

Latest

2021 Inflation Totaled 6.7 Percent

The Bureau of Labor Statistics (BLS) today released Consumer Price Index (CPI) inflation data for December 2021 . Based on BLS’s data, we estimate...

Student Debt Cancellation Resources Page

Overview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student debt levels in the United...

Reducing Build Back Better Inflation Risk

As we recently discussed , the House-passed Build Back Better Act is likely to be modestly inflationary over the next few years. Though we expect the...

What Will Build Back Better Mean for Inflation?

With inflation on track to reach its highest annual rate since 1990, experts and advocates are in disagreement over whether the Build Back Better Act...

State and Local Governments Flush with Cash

The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021...

It’s Time to Wind Down the Student Loan Moratorium

The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...

CBO Report Shows Infrastructure is More Pro-Growth When It's Paid For

The Congressional Budget Office (CBO) released a report today detailing the macroeconomic effects of two illustrative, $500 billion infrastructure...

COVID Relief Continues to Bolster Personal Income

New data from the Bureau of Economic Analysis (BEA) for the month of April shows that disposable personal income (DPI) was 12.0 percent above pre-...

Partial Student Debt Cancellation is Poor Economic Stimulus

Last year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and...