The gap between US federal spending and tax revenue is currently bigger, as a share of gross domestic product, than it’s ever been outside of major war or other crisis. Is that because spending ...

The University of Pennsylvania’s Penn Wharton Budget Model makes that easy to do, cleaning up and analyzing raw data the ...

Republicans in the Senate want to use a “current policy baseline” that assumes the Trump tax cuts will simply be extended. Under this baseline, extending the cuts beyond 2025 would not add to ...