Department of the Treasury
Latest
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2023 Revenue Plunge Confirms 2022 Surge Was a Fluke
Read moreAfter surging to 19.3 percent of Gross Domestic Product (GDP) in Fiscal Year (FY) 2022, revenue in 2023 plummeted to 16.5 percent of GDP, according to...
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Treasury Reports $399 Billion Deficit in May as COVID-19 Relief Continues
Read moreFor Immediate Release The United States budget deficit for the month of May totaled $399 billion, bringing the deficit thus far for fiscal year 2020...
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Treasury Will Borrow $3 Trillion in Just Three Months
Read moreFor Immediate Release The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in...
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Budget Deficit Increases 34% in October
Read moreFor Immediate Release The Department of Treasury today announced that the deficit in October was $134 billion – a 34 percent increase from October...
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Treasury: 2019 Deficit was $984 Billion
Read moreThe Treasury Department released final budget numbers for Fiscal Year (FY) 2019 today, showing last year's deficit totaled $984 billion, a $205...
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Treasury: 2018 Deficit was $779 Billion
Read moreThe Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...
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The Federal Financial Statement Transparency Act of 2014
Read moreCongressman Jim Renacci (R-OH) introduced the The Federal Financial Statement Transparency Act of 2014 today. This legislation would make major...
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One-Month T-Bill Shows Market Skittishness
Read moreAs we continue to approach the October 17 deadline when the Treasury Department estimates that extraordinary measures will be exhausted, leaving...
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GAO: The Debt Limit Fight Cost the Treasury $1.3 Billion
Read moreWith the debt ceiling projected to come back in play sometime in December or January, it is helpful to be reminded of the cost of the last debt...
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Between the ‘Line’s: Feeling the Heat, Coming Clean, and Disaster Dilemma
Read moreFeeling the Heat – As most of us return to work this week nursing sunburns and swapping stories of grilling glory, the heat is on in Washington, at...
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Treasury Begins Extraordinary Measures
Read moreUpdate 5/16: Today, Treasury has reached the legal limit on how much debt it can issue at $14.294 trillion. Beginning today, the Treasury is launching...
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Between the ‘Line’s: Limits, Meetings, Triggers, and Cloture
Read moreBumping Up on the Debt Ceiling – On Monday, Treasury Secretary Tim Geithner sent a letter to congressional leaders saying that his department this...