Debt & Deficits
Latest
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The Budgetary Implications of the Senate Budget Resolution
Read moreThe recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1...
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How Much Could Build Back Better Add to the Debt, An Update
Read moreNote: with recent Administrative actions on SNAP, debt-to-GDP will be about 0.6 percent higher in all scenarios. As a result, it will now reach 107...
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CBO's Deficit Projections Are Higher, Here's Why
Read moreIn its updated Budget and Economic Outlook, the Congressional Budget Office (CBO) projected budget deficits will total $15.1 trillion between Fiscal...
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The Senate Budget Resolution Would Allow $1.75 Trillion of Borrowing
Read moreSenate Budget Committee Chairman Bernie Sanders (I-VT) released a budget resolution for Fiscal Year (FY) 2022 today that allows for up to roughly $1...
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Infrastructure Plan Will Add $400 Billion to the Deficit, CBO Finds
Read moreThe Congressional Budget Office (CBO) just published its score of the recently unveiled bipartisan Infrastructure Investment and Jobs Act. Though its...
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How Much Could Build Back Better Add to the Debt?
Read moreNote: This analysis was updated for new data and details on August 11, 2021. See the updated analysis here. While we do not have all the estimates for...
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Q&A: Everything You Should Know About the Debt Ceiling
Read moreThis paper has been updated here. The federal debt ceiling will be reinstated on August 1, 2021, at around $28.5 trillion. At that point, the Treasury...
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Five Reasons to Pay for New Investments
Read moreCongress and the Administration are currently negotiating and developing legislation to invest in physical infrastructure, education, and other areas...
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Maya MacGuineas on Fox Business Discussing the Growing National Debt
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas joined “Mornings with Maria" on Fox Business to discuss the status of COVID...
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ARCHIVE: How Long Before Cancelled Student Debt Would Return?
Read moreNote: (7/6/2022): This analysis is now out of date. We released an updated version of this analysis, available here, which includes updated estimates...
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CBO Releases July 2021 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American Rescue Plan and...
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Kerrey and Danforth Sound the Alarm on Long-Term Debt
Read moreFormer Senators Bob Kerrey (D-NE) and John C. Danforth (R-MO) recently published an op-ed in the Wall Street Journal highlighting the need to address...