Debt & Deficits
Latest
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Maya MacGuineas: Here’s A Blueprint For Tackling America’s Crippling National Debt
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Budget Experts Urge Congress: No New Borrowing for Remainder of 2022
Today budget experts from the Committee for a Responsible Federal Budget, Concord Coalition, Progressive Policy Institute, and R Street Institute sent...
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Maya MacGuineas: Washington should make a pledge: No new debt for the rest of 2022
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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EARN Act Would Cost $80 Billion Without Gimmicks
This analysis is an update to a previous analysis of the Enhancing American Retirement Now Act to account for the introduction of the legislation...
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New Projection: Federal Debt Will Reach Record Levels Sooner Than Expected
The nation’s fiscal and economic outlook has deteriorated substantially since the last Congressional Budget Office (CBO) baseline in May, when CBO...
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CBO Reports $83 Billion Deficit in First Month of Fiscal Year
The United States borrowed $83 billion in October, according to the latest Monthly Budget Review from the Congressional Budget Office. The following...
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Mitch Daniels: Modern Monetary Theory, debunked everywhere except among government big-spenders
Mitch Daniels is the president of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget, and a co...
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Q&A: Everything You Should Know About the Debt Ceiling
This paper has been updated. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last...
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A $1.4 Trillion Deficit Is Not An Accomplishment
The U.S. Treasury Department released the final Monthly Treasury Statement for Fiscal Year 2022 today, confirming the deficit totaled nearly $1.4...
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Treasury: FY 2022 Deficit Was $1.4 Trillion
The US Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2022, showing a $1.4 trillion deficit for the...
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FY 2022 Deficit Totals $1.4 Trillion
The Congressional Budget Office (CBO) today released its final monthly budget review of Fiscal Year (FY) 2022, which shows that the budget deficit...
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U.S. Gross Debt Tops $31 Trillion
The gross national debt of the United States eclipsed $31 trillion yesterday, just nine months after the federal government’s gross debt exceeded $30...