Debt & Deficits
Latest
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GAO: Fiscal Sustainability Is a Growing Concern for Some Key Federal Trust Funds
Last week, the Government Accountability Office (GAO) released a report on the financial health of the nation’s federal trust funds. Requested by...
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CBO's Budget Projections Show Deteriorating Fiscal Outlook
The Congressional Budget Office (CBO) just released its latest Budget and Economic Outlook, which shows trillion-dollar deficits returning permanently...
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Bipartisan, Bicameral Group Requests CBO to Include Debt Servicing Impact in Legislative Cost Estimates
Senator Mike Lee (R-UT) and Representatives Ed Case (D-HI) and Michael Cloud (R-TX), in a bipartisan and bicameral group of 68 lawmakers, this week...
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Kurt Couchman: When will cheap credit dry up?
Kurt Couchman is co-director of legislative strategy at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The...
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President Trump has Signed $4.7 Trillion of Debt into Law
Our US Budget Watch 2020 project analyzes, estimates, and explains the fiscal implications of proposals introduced during the presidential campaigns...
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Our Top Fiscal Charts of 2019
2019 was a busy year for budget policy, which gave us ample opportunities to conduct substantive policy analysis using charts and tables. This year...
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Policymakers Added $2.2 Trillion to the Debt in 2019
With Congress finishing up appropriations for Fiscal Year (FY) 2020, including additional provisions that will add $500 billion in debt over the next...
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Maya MacGuineas: Will the Federal Government's Nonstop Spending Binge Continue?
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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OECD: U.S. Has the Highest Deficit
The United States had the highest deficit in 2018 among Organisation for Economic Co-operation and Development (OECD) countries according to the...
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Burchett, Case, and Womack Introduce RAFT Act
One way to begin addressing our unsustainable fiscal situation is to set fiscal goals, which could come in the form of debt targets. A new bill...
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Case and Womack Introduce Sustainable Budget Act
Building on bipartisan momentum for addressing our unsustainable fiscal situation, Representative Ed Case (D-HI) and House Budget Committee Ranking...
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Budget Deficit Increases 34% in October
For Immediate Release The Department of Treasury today announced that the deficit in October was $134 billion – a 34 percent increase from October...