Budgets & Projections
Latest
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CBO Estimates $65 Billion Deficit For First Month of Fiscal Year
Read moreSince Fiscal Year (FY) 2024 began on October 1, the United States has already borrowed $65 billion, according to the latest Monthly Budget Review...
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Chartbook: R versus G and the National Debt
Read moreOn October 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on the...
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Introducing the CRFB Debt Thermometer
Read moreFiscal policy has profound consequences on the economic health and national security of the country. Yet little is done to track the effects of...
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2023 Interest Costs Reach $659 Billion
Read moreAccording to final data from the Treasury Department , net interest costs reached $659 billion (2.5 percent of GDP) in fiscal year 2023, a $184...
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2023 Deficit Hit $1.7 Trillion
Read moreThe U.S. Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2023 , showing a $1.7 trillion deficit for the...
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At $1.7 Trillion, Our Deficit Is Much Too High
Read moreThe U.S. Treasury Department released the final Monthly Treasury Statement for Fiscal Year 2023 today, confirming the budget deficit totaled $1.7...
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Deficit Tops $1.7 Trillion As Interest Rates Surge
Read moreThe Congressional Budget Office (CBO) today released its final Monthly Budget Review of Fiscal Year (FY) 2023, finding that the budget deficit totaled...
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Maya MacGuineas: Finally, a Serious Idea to Address the National Debt
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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The High Cost of Borrowing at Low Rates
Read moreFederal interest spending is on track to nearly double between 2020 and 2023 and projected to double again by 2032, due to rising interest rates and a...
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An Overview of the House FY 2024 Budget Resolution
Read moreThe House Budget Committee has released and marked up its Fiscal Year (FY) 2024 budget resolution , a framework that purports to put the budget on a...
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CRFB Reacts to House Budget Resolution
Read moreToday, the House Budget Committee released its draft of the Fiscal Year (FY) 2024 budget resolution. The budget resolution proposes to bring the...
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn September 15, 2023, the federal government's gross debt exceeded $33 trillion for the first time. This mark serves as an important reminder of the...