Fiscal Policy

U.S. Budget Deficit

Image from CBO report, "The 2014 Long-Term Budget Outlook"

Blog Post

Budget Deficits Can Sometimes Be Good, But There Are Dangers

July 16, 2014, Fred Dews

Brookings experts comment on the Congressional Budget Office's latest report on the nation's long-term fiscal outlook.

  • Interview | Washington Post Wonkblog

    Alice Rivlin Was In Charge of the Last Government Shutdown. This is What She Saw.

    September 27, 2013, Neil Irwin

  • In the News

    The Congress ought to get serious. They need to raise the debt ceiling so we don’t have this ridiculous counterproductive argument again.

    September 5, 2013, Alice M. Rivlin, Bloomberg
  • In the News

    When budget cuts hit high-profile business travelers, you can get Congress to act.

    April 30, 2013, Darrell M. West, Bloomberg
  • Interview | NPR

    As 'Devastating' as Sequester is, not 'Immediate Catastrophe'

    March 3, 2013, Thomas E. Mann

  • In the News

    What has a chance of going somewhere if the president and the Congress can get back together is some version of a grand bargain, and a grand bargain means we have to slow the growth of the entitlements, especially Medicare and Medicaid. We have to put Social Security back on a firm foundation. And we have to reform our tax code so it raises some more revenue. We need to do that and stop fooling around with this counterproductive thing called the sequester, which is bad macro policy, it would reduce employment when we don't want to.

    February 23, 2013, Alice M. Rivlin, CNN
  • Podcast

    Real Specifics: 15 Ways to Rethink the Federal Budget

    February 20, 2013, Michael Greenstone and Adam Looney

  • In the News

    Don’t hold your breath [on Obama seriously tackling entitlement reform]. He has every reason to sit tight and play to his base. The American public is very much on his side.

    February 11, 2013, Ron Haskins, The Daily Beast
  • In the News

    [Obama's tone of his ’08 campaign] hasn’t worked very well, but this is the moment to go back to it, because if he doesn’t, he dooms the rest of his term to squabbling with the Republicans.

    February 11, 2013, Alice M. Rivlin, The Daily Beast
  • In the News

    The steps that I think are most promising are really about changing payment methods to reward providers for better health outcomes.

    January 21, 2013, Mark B. McClellan, Financial Times
  • In the News

    In watching Congress for more than 40 years I've never seen such a total mess. We really are entering the worst of all worlds. The result is awful. The process is a disgrace. The Democratic and Republican leaders are talking at each other, not with each other. And we have a president who doesn't want to lead on fiscal matters. I don't see how this ends well.

    January 15, 2013, Bill Frenzel, MNI

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