Debt & Deficits
Latest
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We Must Not Backslide on Fiscal Responsibility Act
Read moreThe bipartisan Fiscal Responsibility Act (FRA) enacted last month was projected to generate $1.5 trillion of deficit reduction – more than any...
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Restoring Trust Fund Solvency Would Reduce Long-Term Debt Growth
Read moreRestoring solvency to the major trust funds would reduce one-half to four-fifths of the projected debt-to-GDP growth over the next three decades. The...
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Treasury Reports $1.4 Trillion Deficit For First 9 Months of Fiscal Year 2023
Read moreThe United States borrowed $1.4 trillion in the first nine months of fiscal year 2023, including $228 billion in June, according to the latest Monthly...
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New Poll Finds Widespread Support for Creation of a Bipartisan Fiscal Commission
Read moreA recent poll released by the Peter G. Peterson Foundation shows that a strong majority of Americans are increasingly concerned with the national debt...
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Chartbook: The Fiscal Outlook After the Debt Limit Deal
Read moreThe recently-enacted Fiscal Responsibility Act (FRA) is the largest deficit reduction package in nearly a dozen years and an important step forward...
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Event Recap: The Fiscal Outlook After the Debt Limit Deal
Read moreThe bipartisan Fiscal Responsibility Act (FRA), signed into law in May, is the largest deficit reduction legislation enacted in nearly a dozen years...
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Analysis of CBO's June 2023 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its June 2023 Long-Term Budget Outlook, projecting that the national debt is on an unsustainable...
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CBO Releases June 2023 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) just released its June 2023 Long-Term Budget Outlook that projects the nation's fiscal future over the next...
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Long-Term Projections Paint a Bleak Fiscal Picture
Read moreThe Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 181 percent of GDP by 2053 under CBO’s...
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Maya MacGuineas on Bloomberg's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg's "Balance of Power" to discuss the latest Long-Term Budget Outlook from the...
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The Post-FRA Fiscal Outlook
Read moreThe nation's fiscal outlook has improved slightly since the last Congressional Budget Office (CBO) baseline in May, thanks to the $1.5 trillion of ten...
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Gross National Debt Reaches $32 Trillion
Read moreThe gross national debt of the United States surpassed $32 trillion yesterday. It was just over eight months ago when the federal government eclipsed...