taxation

Do Debt and Deficits Matter? It Depends on Who's Minding U.S. Fiscal Policy: Podcast
CQ on Congress, Episode 116

Chairman Kevin Brady, R-Texas, sits in front of books of the U.S. tax code, during a House Ways and Means Committee markup of the Republicans' tax reform plan in November. (Tom Williams/CQ Roll Call file photo)

The Congressional Budget Office recently revised its earlier, already dire warning that the national debt will be 150 percent larger than the entire U.S. economy within 30 years — and GOP budget and tax proposals could make a bad situation much worse.

CQ News editors Patrick B. Pexton and Pete Cohn discuss the political landscape of debt and deficits heading into what could be a fateful midterm election.