Debt & Deficits
Latest
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12-Month Rolling Deficit is $2.1 Trillion in March 2025
Read moreThe federal government has borrowed $2.1 trillion over the past year – April 2024 to March 2025 – based on estimates from the Congressional Budget...
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How Much Will Trump’s New Tariffs Raise?
Read moreOn April 2, the Trump Administration announced a series of so-called " reciprocal tariffs” applied to nearly every country with which the United...
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Senate Budget Could Enable Unprecedented Deficit Increase
Read moreThe Senate’s proposed concurrent Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $5.8 trillion to primary deficits through...
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What’s in the Senate’s Concurrent FY 2025 Budget?
Read moreThe Senate Budget Committee unveiled its proposed concurrent Fiscal Year (FY) 2025 budget resolution yesterday, setting the stage for reconciliation...
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Rumored Senate Reconciliation Instructions Would Double Debt Growth
Read morePress reports indicate that Senate leadership may release a proposed concurrent budget resolution for Fiscal Year (FY) 2025 as early as today with...
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Fiscal Goals Become Very Difficult with Reconciliation Plans
Read moreIt would take more than $7 trillion of ten-year savings to stabilize debt at the size of the economy by Fiscal Year (FY) 2034. But rather than making...
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The House’s $2 Trillion in Spending Cuts Should Be an Absolute Minimum
Read moreThe reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of net borrowing through 2034...
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Analysis of CBO’s March 2025 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its January 2025 ten-year projections...
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CBO Releases March 2025 Long-Term Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its March 2025 Long-Term Budget and Economic Outlook, its first full thirty-year baseline and...
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Putting the Reconciliation Resolution in Context
Read moreThe House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...
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12-Month Rolling Deficit Rises to $2.2 Trillion in February 2025
Read moreThe federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the Congressional Budget Office (CBO)...
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House Budget Allows At Least $2.8 Trillion of Deficit Increases
Read moreThe House of Representatives will soon consider a budget resolution for Fiscal Year (FY) 2025, which was reported favorably out of the House Budget...