Latest
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Are Defense and Disasters Causing the Deficit Increase?
When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of those...
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Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength
With last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
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Riedl Proposes Debt Reduction Plan
Brian Riedl, a senior fellow at the Manhattan Institute, recently released a budget plan to stabilize debt over the long term. The plan proposes...
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OMB and Congress Propose New Way to Budget for Federal Buildings
UPDATE: Senator Chris Van Hollen (D-MD) introduced a version of this policy on May 27, 2021. Read about his legislation here. Both lawmakers and...
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FY 2018 Deficit Was $779 Billion
For Immediate Release The Treasury Department today released a report showing the official fiscal year 2018 deficit was $779 billion, an increase of...
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Treasury: 2018 Deficit was $779 Billion
The 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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Chartbook: Budgeting for the Next Generation
This chartbook corresponds to our project " Budgeting for the Next Generation"
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CBO Shows $782 Billion Deficit for FY 2018
Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
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Q&A: Everything You Should Know About Government Shutdowns
This paper has been updated here. The fiscal year began on September 30, has only passed 5 of 12 appropriations bills setting spending levels. If...
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A Fiscal Year Defined by $2.4 Trillion In New Debt
Typically, we mark the end of the fiscal year, which will occur on Monday, by reviewing important numbers for the previous fiscal year. This year, one...
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Budgeting for the Next Generation: Options to Improve Budgeting for Children
Children have less ability to meet their needs in the short term and more potential in the long term than other age groups, but federal policy does...
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JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth
The Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...