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...
Debt & Deficits
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...
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,...
CBO’s Alternative Long-Term Budget Scenarios
The Congressional Budget Office (CBO) released alternative scenarios to its Long-Term Budget Outlook today. These scenarios show that if the recent...
Maya MacGuineas: National Debt is About to Roar Back to Life as a Pressing Issue
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, published an op-ed with CNN. An excerpt is below.
As a result of...
The Deficit Is Not "Coming Down Rapidly"
This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added...
Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”
In a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged...
VA Health Bill Should Be Offset
The House will vote this week on a bill that would temporarily extend then replace the Veterans Choice Program, which allows veterans facing...
A "Cheat Sheet" to Our Recent Work on Debt
Over the past month, we've been explaining different elements of CBO's recent budget outlook. Below is a summary of our recent work.
Decade of...
Budget Barometer: 6 Key Debt Numbers
A good way to judge the national debt is as a share of the overall economy (or GDP).
Based on the latest figures from the Congressional Budget...