President Trump’s new spending bill will increase federal deficits, adding to a debt load that’s already grown more than 50% ...

Under current debt projections, economists cannot even model out a functioning long-term economy.

We present new evidence on the impact of fiscal variables on long-term interest rates and term premia in the United States. To alleviate endogeneity problems, we follow the seminal methodology by ...

President Trump's "big, beautiful bill" includes major changes to federal spending and tax policies. The Congressional Budget ...