Debt & Deficits

The Cyclical Economic Effects on the Deficit

In a letter to Rep. Chris Van Hollen (D-MD), the ranking member of the House Budget Committee, CBO Director Douglas Elmendorf estimates the cyclical...

CRFB on President Obama's Deficit Reduction Plan

With the release of President Obama's deficit reduction plan this morning, CRFB has put out a press release commenting on the proposal.We note that...

Putting the Brakes on U.S. Debt

As the world continues to struggle with the economic recovery and increasingly overwhelming debt levels, many are looking to Switzerland’s...

Senator Reid In Favor of 'Deficit Cap' in Debt Limit Increase

Yesterday, Senate Majority Leader Harry Reid (D-NV), proposed adding a "deficit cap" to forthcoming legislation to increase the debt...

CBO: The Role of Automatic Stabilizers in Deficits

Yesterday, CBO released a report on the effect of automatic stabilizers on the deficit, showing that in recent years, they have added hundreds of...

How Interest Rates Could Affect Deficits and Debt

Interest rates have an enormous effect on how much we pay each year on servicing our debt. In the Budget and Economic Outlook from January, CBO...

CRFB Analysis of CBO’s January 2011 Baseline

CBO now projects the 2011 deficit to reach a record-breaking $1.5 trillion, and increased its deficit projections over the 2011-2020 period by $...

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