Debt & Deficits
Latest
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CBO’s Discretionary Savings Options
Read moreThe Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of policy options to reduce the...
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CBO Releases January 2025 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its January 2025 Budget and Economic Outlook today, projecting that the national debt remains on an...
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Debt Ceiling Q&A
Read moreAfter being suspended by the Fiscal Responsibility Act in 2023, the federal debt ceiling was restored on January 2 and set to the outstanding debt...
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Chris Towner: It’s Time To Get Serious About The Federal Budget Deficit
Read moreChris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal...
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Lawmakers Add $380 Billion to the Debt in the Final Hours of 2024
Read moreWith the passage of the Social Security Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt...
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Options to Raise Tariff Revenue
Read moreNote: This analysis was updated on 01/07/2025 to better reflect recent estimates of tariff policies by the Congressional Budget Office. As...
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Options for Reducing the Revenue Loss of TCJA Extension
Read moreExtending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9...
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Gross National Debt Reaches $36 Trillion
Read moreThe gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the...
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$700 Billion of Easy Deficit Reduction
Read moreWith the national debt approaching record levels and interest costs exploding, lawmakers will need to consider substantial spending cuts and revenue...
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CBO Estimates $255 Billion Deficit for First Month of Fiscal Year 2025
Read moreThe United States borrowed $255 billion in the first month of fiscal year 2025, according to the latest Monthly Budget Review from the Congressional...
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FY 2024 Ends with $1.8 Trillion Deficit
Read moreThe U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit...
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The Fiscal Impact of the Harris and Trump Campaign Plans
Read moreNote: This analysis has been updated to incorporate new proposals announced by the candidates since we initially published on October 7. You can read...