Budgets & Projections
Latest
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Administration Is Engaging in Backdoor Student Debt Cancellation
Read moreThe Education Department announced today that they will quadruple the auto-pay incentive to reduce a student loan borrower’s interest rate by 1...
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GAO Calls for ‘Urgent and Sustained Action’ on National Debt
Read moreIn its new report, “ The Nation’s Fiscal Health,” the Government Accountability Office (GAO) projects the national debt will rise to 251 percent of...
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Reconciliation 3.0 Should Be For Deficit Reduction
Read moreAs lawmakers begin discussions over advancing a third budget reconciliation bill in the 119 th Congress, they should keep focus on the country’s...
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Treasury Confirms $1.2 Trillion Deficit for First 8 Months of FY 2026
Read moreThe United States borrowed $1.2 trillion in the first eight months of Fiscal Year (FY) 2026, including $293 billion in May, according to the latest...
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Trustees Warn Social Security and Medicare Are Approaching Insolvency
Read moreThe Trustees for Social Security and Medicare just released their annual reports, showing a significant deterioration in the financial states of both...
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12-Month Rolling Deficit is $1.7 Trillion in May 2026
Read moreThe federal government borrowed $1.7 trillion over the past year – June 2025 to May 2026 – based on estimates from the Congressional Budget Office...
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Reconciliation Should Be for Deficit Reduction
Read moreThe Senate may soon vote on a reconciliation bill that would appropriate $70 billion for various immigration and Homeland Security agencies in place...
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IMF Warns of Risks from Rising Debt
Read moreThe International Monetary Fund (IMF) recently released its semiannual Fiscal Monitor report, warning that risks to the global fiscal outlook have...
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Maya MacGuineas Joins PBS's "Amanpour & Company"
Read moreCommittee for a Responsible Federal Budget president Maya MacGuineas recently joined Walter Isaacson on PBS's "Amanpour and Company" to discuss...
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Rising Interest Rates are Exploding the Debt
Read moreThe 30-year Treasury note just reached its highest yield in almost 19 years, 5.2%, and other interest rates are approaching similar highs. This week...
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Maya MacGuineas and Adam A. Millsap: What the federal budget says about America
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget. Adam A. Millsap, Ph.D., is a senior economist and program officer at...
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Rising Interest Rates Could Push Debt Higher
Read moreThe 10-year Treasury yield is currently 4.5% – the highest rate in over a year – while 30-year Treasuries now carry a 5.0% interest rate. In fact...