Debt & Deficits
Latest
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Reconciliation Should Reduce Deficits, Fight Inflation, and Strengthen Medicare
Read moreAs negotiations have resumed over a potential reconciliation bill, policymakers should maintain focus on combining any new spending and tax breaks...
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ARCHIVE #2: How Long Before Cancelled Student Debt Would Return?
Read moreNote: This analysis has been updated from the original version to reflect new estimates of how long it would take for the amount of student debt owed...
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Fight Inflation by Lowering Deficits, Not Boosting Them
Read moreYesterday, President Biden told reporters the Administration was nearing decisions on whether to cancel student debt by executive order and whether to...
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Reaching Fiscal Goals Under the Latest Baseline
Read moreThe Congressional Budget Office’s (CBO) latest baseline projects that federal debt held by the public will rise to a record 110 percent of Gross...
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What Would Higher Interest Rates Mean for the Debt?
Read moreInterest payments on the national debt are projected to be the fastest-growing part of the federal budget. Under the Congressional Budget Office's...
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CBO Reports $63 Billion Deficit for May
Read moreThe United States borrowed $423 billion in the first eight months of fiscal year 2022, with a $63 billion deficit in May, according to the latest...
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CBO Projects Record Debt, After Short Reprieve
Read moreFor Immediate Release The Congressional Budget Office (CBO) released its Budget and Economic Outlook today. CBO projects high rates of inflation will...
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Milken Institute Hosts Panel on the National Debt's Impact on the Economy
Read moreOn Tuesday, May 3, the Milken Institute hosted a panel discussion entitled “ The Road Ahead: The Impact of the National Debt on America’s Economy” as...
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CBO Analyzes the Economic Effects of Waiting to Fix the Debt
Read moreWaiting to address our high and rising national debt has substantial adverse consequences. High debt slows income growth, increases interest payments...
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Large April Surplus Won’t Erase Massive Deficits
Read moreThanks to record-high tax payments, the federal government enjoyed a $ 308 billion surplus in April of 2022, according to the latest Monthly Budget...
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Biden Administration Should Do More Before Taking Credit for Fiscal Responsibility
Read morePresident Biden gave a speech this morning touting his Administration’s deficit reduction and fiscal responsibility. The following is a statement from...
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President's Budget Would Add More to Debt With Policy Extensions
Read moreLast month, the Biden Administration released its Fiscal Year (FY) 2023 budget proposal that includes many policy changes that would reduce deficits...