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from the Congressional Budget Office
– this post authored by Nathan Musick
At the beginning of February, while testifying to the House Budget Committee about the outlook for the federal budget and the economy, CBO’s Director was asked how federal policy might affect economic productivity. Because answers during Congressional hearings must be brief, this blog post provides some additional information on the subject. The post also complements yesterday’s discussion of infrastructure spending, which mentioned the effects of that spending on productivity.