Debt & Deficits
Latest
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Updated Budget Projections Show Fiscal Toll of COVID-19 Pandemic
Read moreWe have updated our ten-year budget projections to incorproate CBO's latest economic forecast, and now project that debt will reach 121 percent of GDP...
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Treasury Data Shows Other Countries Not Buying Additional Debt
Read moreTotal foreign holdings of United States debt held steady during the month of April despite the massive increase in government borrowing that took...
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Representative Rouda Introduces Fiscal Responsibility & Long-Term Economic Security Act
Read moreWhile short-term borrowing and large deficits are necessary to fight the COVID-19 public health and economic crisis, policymakers will need to address...
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Correcting the Record on the Enzi-Whitehouse Budget Reforms
Read morePrior to the onset of the COVID-19 pandemic and subsequent economic crisis, the Senate Budget Committee voted 15 to 6 to approve the Bipartisan...
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Debunking Debt Myths in the COVID Economy
Read moreFederal debt held by the public is slated to grow by roughly $4 trillion in fiscal year 2020 and exceed the size of the economy by year’s end. Much of...
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The Committee for a Responsible Federal Budget Hails Responsible Economic Leadership
Read moreFor Immediate Release A bipartisan group of 60 members of Congress – led by Reps. Scott Peters (D-CA) and Jodey Arrington (R-TX) – issued a letter...
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Eugene Steuerle: This is not your grandfather's debt problem
Read moreNow that the covid-19 crisis has produced predictions that we soon will reach a debt-to-GDP ratio previously seen only once before — during World War...
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Maya MacGuineas Joins Fox Business to Discuss Federal Debt Projections
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Mornings with Maria on Fox Business. She joined host Maria...
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Is the Fed Buying Our New Debt?
Read moreSo far, the legislative response to the COVID-19 pandemic has injected around $1.5 trillion of fiscal support into the economy. In combination with...
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Treasury Will Borrow $3 Trillion in Just Three Months
Read moreFor 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
Read moreCommittee 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
Read moreToday, the Congressional Budget Office (CBO) released a blog post outlining its latest projections of near-term federal debt and deficits in the wake...