WASHINGTON DC (March 10, 2020) — The threat of the coronavirus (COVID-19) outbreak has spooked markets and appears likely to significantly weaken the economy on both the supply and demand sides. Assuming policymakers implement measures to support the economy, they should be structured for the particular situation we face and offset over a reasonable period of time. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

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WASHINGTON DC (February 25, 2020) — Democratic presidential candidate Senator Bernie Sanders (I-VT) today unveiled his plan to provide free universal child-care and pre-kindergarten education for all.

The Congressional Budget Office's (CBO) latest budget projections show interest on the national debt remains the fastest growing category of the federal budget. Under current law, net interest payments are projected to more than double over the next decade, from $376 billion in 2019 to $819 billion by 2030 – a 118 percent increase.

WASHINGTON DC (February 10, 2020) — President Trump released his budget for Fiscal Year (FY) 2021, outlining his tax and spending agenda over the next decade. Under the budget’s own estimates, debt would fall from 81 percent of the economy in 2020 to 66 percent by 2030 assuming the enactment of the President’s policies.