Brookings Today, 8/27/14

A roundup of some of the content published today by Brookings.

  • CBO’s budget check-up. David Wessel comments on the Congressional Budget Office’s routine check-up of the federal deficit outlook, noting the CBO’s bottom line that it “has gotten a little better.”

  • American classlessness is overstated. Richard Reeves says while Americans overestimate the extent to which America is a “classless republic,” it remains real to some extent, yet inequalities are growing.