Debt & Deficits
Latest
-
CBO Releases June 2024 Baseline Update
Read moreThe Congressional Budget Office (CBO) today released new ten-year budget and economic projections – an update from its February baseline – again...
-
Record Interest Next Year, Record Debt Projected in Just 3 Years
Read moreThe Congressional Budget Office (CBO) released its Update to the Budget and Economic Outlook today, projecting that the national debt will set a new...
-
CBO Estimates $1.2 Trillion Deficit for First Eight Months of Fiscal Year
Read moreThe United States borrowed $1.2 trillion in the first eight months of fiscal year 2024, including $348 billion in May, according to the latest Monthly...
-
Deficit Totaled $1.7 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.7 trillion over the past 12 months, incorporating the $348 billion May deficit estimated by the Congressional...
-
Income Growth Would Slow By One-Third Due to Rising Debt
Read moreA new report from the Congressional Budget Office (CBO) finds rising national debt will slow economic growth and reduce projected incomes. Compared to...
-
Debt Surges With Extensions
Read moreBased on new estimates from the Congressional Budget Office (CBO), debt could reach 132 percent of Gross Domestic Product (GDP) by Fiscal Year (FY)...
-
Introducing the CRFB Debt Thermometer
Read moreFiscal policy has profound consequences on the economic health and national security of the country. Yet little is done to track the effects of...
-
Tim Penny & David Minge: Taxes increasingly paying for the past - not the future
Read moreTim Penny is co-chair and David Minge is a an emeritus board member of the Committee for a Responsible Federal Budget. Both are former representatives...
-
Trust Fund Solvency Could Stabilize the Debt
Read moreRestoring solvency to the major trust funds could stabilize debt as a share of the economy, albeit at a very high level. We estimate that when dynamic...
-
Treasury: $1.1 Trillion Deficit in First Half of Fiscal Year
Read moreThe United States borrowed $1.1 trillion in the first six months of fiscal year 2024, including $236 billion in March, according to the latest Monthly...
-
Deficit Was $1.7 Trillion Over Past Year
Read moreThe federal budget deficit totaled $1.7 trillion over the past 12 months, down $142 billion from the 12-month period ending in February and down $37...
-
Analysis of CBO's March 2024 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) released its March 2024 Long-Term Budget Outlook today that projects the nation’s fiscal and economic future...