Budgets & Projections
Latest
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreThe Q&A has been updated here. On January 31, 2022, the federal government's gross debt exceeded $30 trillion for the first time. This mark serves as...
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FACT SHEET: Are Deficits in Decline?
Read moreLast month, the federal government ran a surplus of $119 billion, the first monthly surplus since September 2019. The Fiscal Year 2022 deficit is...
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CBO Reports $259 Billion Deficit for First 4 Months of Fiscal Year
Read moreThe United States borrowed $259 billion in the first four months of fiscal year 2022, with a $119 billion surplus in January, according to the latest...
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U.S. Borrowed $2.6 Trillion in Calendar Year 2021
Read moreThe United States borrowed nearly $2.6 trillion in calendar year 2021, including $20 billion in December , according to the latest Monthly Budget...
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Our Top 21 Fiscal Charts of 2021
Read more2021 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year...
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Congress' December Challenges Can't Wait
Read moreFor Immediate Release As lawmakers continue to debate the Build Back Better reconciliation bill, they have a number of pressing deadlines and policy...
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Updated Budget Projections Show Record Debt by 2031
Read moreNew estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track to...
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Treasury: 2021 Deficit Was $2.8 Trillion
Read moreThe Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and debt...
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A $2.8 Trillion Budget Deficit
Read moreFor Immediate Release The Congressional Budget Office released its final monthly budget review of fiscal year (FY) 2021 today, concluding the budget...
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CBO Reports $173 Billion Deficit for August
Read moreThe United States borrowed over $2.7 trillion in the first 11 months of fiscal year 2021, including $173 billion in August, according to the latest ...
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Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits
Read moreThe U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of Supplemental...
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House Should Not Authorize Trillions of Borrowing
Read moreThe House is expected to vote this week on a Senate-passed budget resolution for Fiscal Year 2022 that would allow up to $1.75 trillion of borrowing...