Debt & Deficits
Latest
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Options to Raise Tariff Revenue
Read moreNote: The Congressional Budget Office (CBO) has published conventional estimates that a uniform increase in tariffs of 10 percent would reduce...
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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...
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The Impact of the Trump and Harris Plans on Spending and Revenue
Read moreIn our recent analysis, The Fiscal Impact of the Harris and Trump Campaign Plans, we found that the campaign policy plans from both Vice President...
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Bipartisan Group of Lawmakers Introduce Employee Retention Tax Credit Repeal Act
Read moreIn response to concerns over fraudulent claims over the past few years, Senators Joe Manchin (I-WV), Mitt Romney (R-UT), and Thom Tillis (R-NC)...
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CBO Estimates 2024 Deficit Totaled $1.8 Trillion
Read moreThe Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a $1.8...
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Deficit Nears $2 Trillion Amid Rising Interest and Little Action
Read moreThe Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review...
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ARCHIVE: The Fiscal Impact of the Harris and Trump Campaign Plans
Read moreNOTE: This is an archived version of our initial analysis published on October 7. We have since published an updated analysis , featuring policies...