Debt & Deficits
Latest
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House Hearing on 'Why Debt Matters'
The House Financial Services Committee held a hearing this morning on " Why Debt Matters," which included testimony by Honeywell CEO Dave Cote, former...
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How Low Could Debt Go?
We talked last week about several policies making their first appearance in the President's budget. What we didn't mention is that in addition to...
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Deficit Reduction Proposals in the President's Last Budget
Tomorrow, President Obama will release his FY2015 budget, which will detail his visions and priorities for the upcoming years. In previous years, the...
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Why Did the Deficit Drop in 2014? Part 2
At the beginning of the month, the Congressional Budget Office released its annual report on the federal budget, which showed that the deficit is...
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CBO Continues to Say the Debt Will Be a Problem for Economic Growth
In its February 2014 Budget and Economic Outlook, CBO continued its previous warnings from last year's February outlook and September's long-term...
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Why Did the Deficit Fall in 2014?
Yesterday, the Congressional Budget Office released its annual report on the federal budget, which outlines their projections of all federal spending...
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How Much Worse are Deficit Projections?
Yesterday, the Congressional Budget Office (CBO) reported a significantly bleaker fiscal picture than they had projected just last year, with debt now...
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Report: Analysis of CBO’s 2014 Budget and Economic Outlook
Note: The paper's mention of the change in deficits from 2015 to 2024 has been corrected.
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Has the Deficit Been Cut in Half?
Last night, President Obama gave his State of the Union address to Congress, which mentioned fiscal policy on a several occasions. As one of the...
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Growth and Deficit Reduction Are Not Incompatible
Yesterday in an interview on CNBC's Squawkbox, former Treasury Secretary Larry Summers chimed in again on his views that boosting economic growth...
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GAO Explains the Debt
The Government Accountability Office, the investigative arm of Congress, posted a short educational video explaining the national debt today. In a...
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Short-Term Deficits May Be Shrinking, But Long-Term Problem Remains
Update: This blog has been updated to include the Mid-Session Review and CBO projections for the 2013 deficit. Yesterday, the Treasury Department and...