Debt & Deficits
Latest
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CBO: The Role of Automatic Stabilizers in Deficits
Read moreYesterday, CBO released a report on the effect of automatic stabilizers on the deficit, showing that in recent years, they have added hundreds of...
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How Interest Rates Could Affect Deficits and Debt
Read moreInterest rates have an enormous effect on how much we pay each year on servicing our debt. In the Budget and Economic Outlook from January, CBO...
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CRFB Analysis of CBO’s January 2011 Baseline
Read moreCBO now projects the 2011 deficit to reach a record-breaking $1.5 trillion, and increased its deficit projections over the 2011-2020 period by $1.4...
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Stern Releases Plan to Lower the Budget Deficit...and the "Investment Deficit"
Read moreToday, Andy Stern, a member of the Fiscal Commission, released the 21st Century Plan for America’s Leadership, a proposal to reduce the federal...
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Hillary Clinton Says National Debt is a Real 'National Security Threat'
Read moreSecretary of State Hillary Clinton spoke yesterday about the importance of taking action soon to ensure future fiscal sustainability, calling the...
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Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?
Read moreLarry Summers gave a very interesting and thoughtful talk in Washington recently (May 24). But it was delivered in High Oracular Econospeak, so many...
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CBO's Analysis of the President's FY2011 Budget
Read moreIn its Analysis of the President's Budget, CBO estimates that the FY 2011 budget proposals would cause public debt levels to rise to 90 percent of GDP...
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The 90 percent Debt-to-GDP Threshold and CBO’s New Debt Estimates
Read moreOn March 5, the Congressional Budget Office (CBO) gave us a preview of its take on the President’s budget proposals for Fiscal Year 2011 (starting...
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Does the President's Budget Increase the Deficit or Reduce It? (The Answer Depends on Your Baseline)
Read moreAccording to Obama Administraton, the President's FY2011 reduces the ten-year deficit by $2.1 trillion; or $1.2 trillion if the savings from the Iraq...
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Orszag Promises Deficit Reduction Next Year
Read moreIn a speech given today at New York University, OMB Director Peter Orszag said the Administration intends to cut the deficit in half by the end of...
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Record Monthly and Yearly U.S. Deficit
Read moreAugust 18 - According to Bloomberg, last month's budget deficit hit a record $180.7 billion, higher than any month in U.S. history. Spending in July...