Debt & Deficits

Debt Clock

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...
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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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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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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...

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