Debt & Deficits
Latest
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Interest Spending is on Course to Triple
According to CBO's latest projections, the rising cost of interest on the debt is a significant driver of growing deficits and debt. In this piece, we...
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Debt Could be Twice the Size of the Economy by Mid-Century
The Congressional Budget Office's (CBO) recent ten-year budget projections show that debt is on course to exceed the size of the economy in just over...
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IMF: US is the Only Advanced Economy With Debt Rising
The International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...
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More Than Half of Next Year's Deficit is Congress's Fault
The budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...
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Analysis of CBO’s April 2018 Budget and Economic Outlook
The Congressional Budget Office (CBO) released its ten-year budget and economic outlook today, showing that recent legislation has made an already...
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New From CBO: Trillion-Dollar Deficits Will Return In Two Years
The Congressional Budget Office (CBO) just released its latest baseline projections – the first since last June and the first to incorporate the...
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Chartbook: America's Deteriorating Budget Outlook
An updated version of this chartbook is available here Below is a chartbook on America's deteriorating budget outlook.
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Maya MacGuineas: America's Debt Crisis is Coming – Interest Payments Will Hit a Trillion Dollars a Year
Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Maya MacGuineas: Federal Budget Increasingly Tilted Against Investment in Children
Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Updating the U.S. Budget Outlook
Note (4/30/2018): This paper was published before CBO's April 2018 baseline, which provides official estimates of the fiscal situation. For the...
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Bipartisan Budget Act Means the Return of Trillion-Dollar Deficits
Lawmakers have passed a budget deal that will increase deficits by $320 billion over a decade or almost $420 billion with interest and sets the stage...
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Budget Deal Would Assure Permanent Trillion-Dollar Deficits
Note (2/9/2018): We have published an update to this blog reflecting passage of the Bipartisan Budget Act of 2018. It is posted here . Lawmakers...