Debt & Deficits
Latest
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Maya MacGuineas: $20 Trillion in National Debt Is a Big Deal
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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Why Did Debt Jump $318 Billion in One Day?
On September 8, 2017, gross U.S. debt increased almost $318 billion after President Trump signed legislation temporarily suspending the debt limit as...
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ARCHIVE: Q&A: Gross Debt Versus Debt Held by the Public
On September 8, the federal government's gross debt exceeded $20 trillion for the first time. This mark serves as an important reminder of the nation...
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Marc Goldwein: National Debt: Yes, Rising Annual Deficits Threaten the U.S. Economy
Marc Goldwein is the senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote a column...
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Q&A: Everything You Should Know About the Debt Ceiling - Sep 2017
This Q&A has been updated. See here for the latest version. One issue that must be addressed this month is the federal debt ceiling, which was...
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The Fed's Effect on Deficits and Debt
As monetary policy watchers descend upon Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s annual economic policy symposium, we...
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A Mini-Bargain to Improve the Budget
A new version of this paper exists that was updated to include savings for disaster relief. The national debt is currently at its highest share of the...
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$200 Billion in Mandatory Savings Should Not Be Too Difficult
One of the debates preceding the House Budget resolution was whether the resolution should call for $200 billion of mandatory savings. This week's...
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Did the Trade Deficit Cause $20 Trillion in Debt?
In a meeting with South Korean President Moon Jae-in, President Trump suggested that the national debt is caused by years of trade deficits. However...
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Highlights from CBO's June Baseline Update
Today, the Congressional Budget Office (CBO) released updated ten-year budgetary baseline and economic projections. Like its previous projection in...
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Drivers of Spending Growth in the Long Term
The Congressional Budget Office’s (CBO) latest Long-Term Budget Outlook projects that federal debt held by the public will exceed the size of the...
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CBO’s 2017 Long-Term Budget Outlook
The United States is on an unsustainable fiscal path, according to the Long-Term Budget Outlook released by the Congressional Budget Office (CBO)...