Debt & Deficits
Latest
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Debt Rises $1 Trillion Over One Month
Read moreFor 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
Read moreThe 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
Read moreThe 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
Read moreLast 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
Read moreToday, 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
Read moreFor 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
Read moreFor 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
Read moreThe 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”
Read moreDemocratic presidential candidate Senator Amy Klobuchar (D-MN) put forward a Plan for the Future of Work and a Changing Economy in December. The plan...
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GAO: Fiscal Sustainability Is a Growing Concern for Some Key Federal Trust Funds
Read moreLast 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
Read moreThe 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
Read moreSenator 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...