Budgets & Projections
Latest
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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...
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Marc Goldwein Joins C-SPAN to Discuss U.S. Deficit and Federal Spending
Read moreCommitte for a Responsible Federal Budget Senior Vice President and Senior Policy Director Marc Goldwein recently joined C-SPAN's "Washington Journal"...
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National Debt Reaches $33 Trillion; Adds $1 Trillion to Debt in 3 Months
Read moreThe gross national debt of the United States surpassed $33 trillion on Friday, just months after the federal government’s gross debt eclipsed $32...
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Treasury Reports $1.5 Trillion Deficit For First 11 Months of Fiscal Year
Read moreThe United States borrowed $1.5 trillion in the first eleven months of fiscal year 2023, including an $89 billion surplus in August due to the...
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The Deficit Was $2.0 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $2.0 trillion over the past 12 months, $310 billion below last month's $2.3 trillion estimate. This reduction can...
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CBO Estimates $1.5 Trillion Deficit For First 11 Months of Fiscal Year
Read moreIn the first eleven months of fiscal year 2023, the United States borrowed $1.5 trillion, with a $90 billion surplus in August due to the reversal of...
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Tax Cut Extensions Cost Over $3.3 Trillion
Read moreSome parts of the 2017 Tax Cuts and Jobs Act (TCJA) have recently expired or changed, and large portions of the TCJA will expire by the end of...
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Treasury Reports $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreThe United States borrowed $1.6 trillion in the first ten months of fiscal year 2023, including $221 billion in July, according to the latest Monthly...
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CBO Estimates $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreIn the first ten months of fiscal year 2023, the United States borrowed $1.6 trillion, with a $228 billion deficit in July, according to the latest...
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The Deficit Was $2.3 Trillion Over Past Year
Read moreThe federal budget deficit totaled $2.3 trillion over the past 12 months, up 65 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
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Rising Debt Could Reduce Income Growth by One-Third
Read moreA high and rising national debt poses a series of risks and threats , including slower income and wage growth. A new report from the Congressional...