Debt & Deficits
Latest
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Treasury Will Borrow $3 Trillion in Just Three Months
For Immediate Release The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in...
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Maya MacGuineas Joins C-SPAN to Discuss Coronavirus and Federal Debt
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal. She discussed fiscal measures...
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CBO Updates Budget Projections In Wake of COVID-19
Today, the Congressional Budget Office (CBO) released a blog post outlining its latest projections of near-term federal debt and deficits in the wake...
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Debt Rises $1 Trillion Over One Month
For Immediate Release The national debt has grown by more than $1 trillion over the past month, from $17.5 trillion on March 17th to $18.5 trillion on...
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Budget Projections: Debt Will Exceed the Size of the Economy This Year
The United States entered the current public health and economic crisis facing high levels of debt and trillion-dollar deficits. Due to the effects of...
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CBO's Estimate of Proposals in the President's FY 2021 Budget
The Congressional Budget Office (CBO) has released its estimate of the President's Fiscal Year (FY) 2021 budget using its own assumptions to evaluate...
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Families First Coronavirus Response Act Will Cost $192 Billion
Last week, the Congressional Budget Office (CBO) scored the Families First Coronavirus Response Act ( FFCRA), the second of three packages enacted so...
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CBO Updates Budget Projections Before Coronavirus Impact
Today, the Congressional Budget Office (CBO) released its updated budget projections, showing the national debt is on an unsustainable path. Under CBO...
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New CBO Baseline Reaffirms Challenge of Coronavirus Response
For Immediate Release The Congressional Budget Office (CBO) today released its updated budget projections. Although the new baseline doesn’t...
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Monthly Deficit Hits New Record
For Immediate Release The United States ran a record-high budget deficit in February 2020. According to the Monthly Treasury Statement released today...
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Interest Costs Will More Than Double Over the Next Decade
The Congressional Budget Office's (CBO) latest budget projections show interest on the national debt remains the fastest growing category of the...
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Amy Klobuchar’s Plan to “Govern with Fiscal Responsibility”
Democratic presidential candidate Senator Amy Klobuchar (D-MN) put forward a Plan for the Future of Work and a Changing Economy in December. The plan...