Debt & Deficits
Latest
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Extensions Would Wipe Away President's Deficit Reduction
Read moreWe were very encouraged by the President’s call for $3 trillion of ten-year deficit reduction in his Fiscal Year (FY) 2024 budget proposal. However...
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New CBO Estimate Should Send IDR Plan Back to Drawing Board
Read moreThe Congressional Budget Office (CBO) estimates the President’s proposed income-driven repayment (IDR) plan for student loans will cost $230 billion...
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House Freedom Caucus Proposes up to $3.7 Trillion in Savings for Debt Ceiling Vote
Read moreThe House Freedom Caucus released today a proposal for the upcoming debt ceiling negotiations. Its members call for repealing the announced student...
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Maya MacGuineas: Is cutting the deficit by $3 trillion enough? Not even close
Read moreThis is a particularly important year for budgeting given three things: the need to lift the debt ceiling, the nation’s dangerous fiscal trajectory...
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Treasury: $262 Billion Deficit in February
Read moreThe Treasury Department released its latest Monthly Treasury Statement today, showing that the United States borrowed $262 billion in the month of...
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What Would It Take to Balance the Budget? An Update
Read moreThe analysis below updates our previous analysis " What Would It Take to Balance the Budget?" to account for the Congressional Budget Office's latest...
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CBO's Latest Projections Make Fiscal Goals More Difficult
Read moreFederal debt held by the public is on track to exceed its record as a share of the economy – 106 percent of Gross Domestic Product (GDP), set just...
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Analysis of CBO's February 2023 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over...
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CBO Releases February 2023 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its February 2023 Budget and Economic Outlook, its first baseline since May 2022. CBO's new budget...
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Treasury Confirms $39 Billion Deficit in January
Read moreThe Treasury Department released its latest Monthly Treasury Statement today, confirming that the United States borrowed $39 billion in the month of...
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Marc Goldwein on You Don't Have to Yell Podcast Discussing Debt Ceiling
Read moreCommittee for a Responsible Federal Budget Senior Vice President and Senior Policy Director Marc Goldwein recently appeared on the " You Don't Have to...
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Marc Goldwein: Here are realistic goals for Congress to get a grip on national debt
Read moreMarc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...