Debt & Deficits
Latest
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The Deficit Hit $1.8 Trillion in Calendar Year 2023
Read moreThe federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
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Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,...
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From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreIn 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government...
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How Much Did President Trump Add to the Debt?
Read moreNote: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
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Gross National Debt Tops $34 Trillion; Third Milestone in 12 Months
Read moreThe gross national debt of the United States topped $34 trillion Friday after topping $33 trillion in September, the U.S. Treasury confirmed today...
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Congress Should Avoid Costly Tax Cut Holiday Season
Read moreAccording to press reports , policymakers may be close to reaching a bipartisan tax cut deal that would temporarily restore various business tax...
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Treasury: $381 Billion Deficit in First 2 Months of Fiscal Year
Read moreThe United States borrowed $381 billion in the first two months of fiscal year 2024, including $314 billion in November, according to the latest...
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CBO Estimates $383 Billion Deficit For First Two Months of Fiscal Year
Read moreThe United States borrowed $383 billion in the first two months of fiscal year 2024, including $317 billion in November, according to the latest...
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Treasury Confirms $67 Billion Deficit in First Month of Fiscal Year
Read moreThe United States borrowed $67 billion in the first month of fiscal year 2024, according to the latest Monthly Treasury Statement from the Treasury...
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CBO Estimates $65 Billion Deficit For First Month of Fiscal Year
Read moreSince Fiscal Year (FY) 2024 began on October 1, the United States has already borrowed $65 billion, according to the latest Monthly Budget Review...
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Chartbook: R versus G and the National Debt
Read moreOn October 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on the...
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ARCHIVE: Introducing the CRFB Debt Thermometer (2023)
Read moreNote: This is an archived version of the initial CRFB Debt Thermometer. For the most recent thermometer, see this page . Fiscal policy has profound...