Latest
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Maya MacGuineas on CNBC's "Power Lunch"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined CNBC's "Power Lunch" to discuss the debt ceiling negotiations...
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Debt Explodes Under Alternative Scenarios
Read moreThe Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product...
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Interest Overtakes Kids' Spending
Read moreInterest on the debt is the fastest growing item in the federal budget, and in Fiscal Year (FY) 2023 the federal government will spend more on net...
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Meeting Fiscal Goals Under CBO's May 2023 Baseline
Read moreWe estimate that it would take $16.0 trillion of deficit reduction to balance the budget over a decade, $3.5 trillion to stabilize debt at 110 percent...
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CBO Projections Highlight Need for Deficit Reduction
Read moreToday, the Congressional Budget Office (CBO) released its Updated Budget Outlook, which presents a new ten-year baseline that incorporates new...
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CBO Releases May 2023 Baseline
Read moreThe Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable...
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Maya MacGuineas on Bloomberg's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg Television's "Balance of Power" with Kailey Leinz and Joe Mathieu to discuss what...
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Treasury Confirms $925 Billion Deficit For First 7 Months of Fiscal Year 2023
Read moreIn the first seven months of fiscal year 2023, the United States borrowed $925 billion, according to the latest Monthly Treasury Statement from the...
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Policymakers Need to Raise the Debt Ceiling
Read moreToday, President Biden, Speaker McCarthy, Leader Jeffries, Leader Schumer, and Leader McConnell met at the White House for a discussion on raising the...
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Deficit Nearly $2 Trillion Over Past Year
Read moreThe federal government has run nearly $2 trillion in deficits over the past year, based on monthly data from the Congressional Budget Office (CBO)...
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Maya MacGuineas on Washington Post Live
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined Washington Post Live to discuss the debt ceiling, federal...
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Revenue Surge Comes to an End
Read moreAfter surging to a near-record 19.6 percent of Gross Domestic Product (GDP) last fiscal year, revenue has fallen to 17.7 percent of GDP over the past...