Commentary
It makes for a depressing reading. The Congressional Budget Office (CBO) anticipates that federal spending will continue to outstrip revenues.
Thinking About China
Opinion
Washington’s Bleak Outlook
Congress’s own budget clarifies Washington’s financial troubles
The sun sets behind the U.S. Capitol on Nov. 18, 2021. Following the final Congressional Budget Office cost estimate, House Democrats are hoping to vote on President Joe Biden's $1.75 trillion social benefits and climate legislation on Nov. 18, 2021. Chip Somodevilla/Getty Images
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
