You wouldn’t know it from the public debate in Washington, to put it mildly, but the federal deficit is actually falling and falling rapidly. According to new CBO projections out today, assuming no changes to current law, this year’s deficit will be $642 billion, the lowest since 2008. Chart after the jump …
That comes out to 4.0% of GDP compared to the high of 10.1% in 2009. CBO projects that it will fall to 2.1% by 2015.
I hope you get a chance to read Josh Kovensky’s trial report from yesterday. He gets at a really good…
I’ve been having an ongoing exchange with a TPM Reader and friend about the simple question: Why is Mike Johnson…
Today’s Morning Memo prompted some reader reflections:
12:57 a.m.: It’s hard to know the precise significance of Israel’s retaliatory strike or how Iran might respond. So far…
