Debt & Deficits
Latest
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IMF: U.S. Continues to Stand Out with Growing Debt
Read moreThe United States ranks number one among advanced economies in expected increase of debt as a percentage of Gross Domestic Product (GDP) according to...
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CBO's Updated Baseline Shows Grim Outlook
Read moreToday, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and continue...
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GAO: "Federal Government Is on an Unsustainable Fiscal Path"
Read moreThe Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...
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Why Should We Worry About the National Debt: Questions and Answers
Read more“Why Should We Worry About the National Debt?” describes six important ways that the growing national debt will affect the budget and the economy...
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Why Should We Worry About the National Debt?
Read moreThough the national debt is at a post-war high, the willingness of policymakers to address it seems as if it is at an all-time low. The last two years...
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Tyler Evilsizer: Fiscal Negligence of Recent Congresses Must Be Dealt With Now
Read moreTyler Evilsizer is deputy policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The Hill , an...
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Three-Fifths of This Year's Deficit is Policymakers' Fault
Read moreThe budget deficit will be almost $900 billion this year according to projections from the Congressional Budget Office (CBO). By our estimates, 60...
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Annual Deficits Could Hit $2.3 Trillion
Read moreDeficits are rising quickly under current law, as the Congressional Budget Office's (CBO) recent budget outlook demonstrates. Under current law, CBO...
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Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029
Read moreThe 2017 tax cut and the 2018 spending bill loom large in the latest Congressional Budget Office (CBO) outlook; the two pieces of legislation as...
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Maya MacGuineas: The Rise of Free Lunch Economics & the Growth of Our National Debt
Read moreMaya 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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As Debt Rises, Interest Costs Could Top $1 Trillion
Read moreThe fastest growing item in the budget over the next decade will be interest on the debt, according to the Congressional Budget Office (CBO). In this...
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The Two Factors That Explain the Improvement in the Budget Outlook
Read moreThis year's Congressional Budget Office (CBO) budget outlook was a slight improvement over last April's, although it still shows a troubling outlook...