Latest
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The Deficit Hit $1.8 Trillion in Calendar Year 2023
The federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
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Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
The Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,...
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From Riches to Rags: Causes of Fiscal Deterioration Since 2001
In 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government...
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How Much Did President Trump Add to the Debt?
Note: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
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Maya MacGuineas on Bloomberg TV's "Wall Street Week"
Committee president Maya MacGuineas recently joined "Wall Street Week" with David Westin to discuss President Joe Biden and Donald Trump's policy...
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Budget Agreement Should Pave Way for Appropriations
House and Senate leadership announced a topline agreement yesterday on appropriations levels for Fiscal Year (FY) 2024. The agreement would maintain...
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OMB & CBO Release Memos on FY 2024 Discretionary Spending Limits
The Office of Management and Budget (OMB) recently released a Frequently Asked Questions document and the Congressional Budget Office (CBO) published...
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GAO Recommends Actions to Reduce Tax Gap
The Government Accountability Office (GAO) recently released revised recommendations for the Treasury Department and the Internal Revenue Service (IRS...
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Gross National Debt Tops $34 Trillion; Third Milestone in 12 Months
The gross national debt of the United States topped $34 trillion Friday after topping $33 trillion in September, the U.S. Treasury confirmed today...
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Top 10 Fiscal Charts of 2023
Fiscal policy was once again at the forefront of congressional debates in 2023, giving us many opportunities to write about and illustrate the...
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Potential Tax Deal Could Cost $830 Billion
UPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . As Congress nears important...
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Talking Debt and Deficits in the GOP Debates
In the first four Presidential primary debates, the GOP candidates have mentioned the deficit or debt a combined 35 times, with former United Nations...