Budgets & Projections
Latest
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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...
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12-Month Rolling Deficit is $1.7 Trillion in April 2026
Read moreThe federal government borrowed $1.7 trillion over the past year – May 2025 to April 2026 – based on estimates from the Congressional Budget Office...
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Maya MacGuineas and Rob Portman: It's time for urgency and hard choices as US debt soars
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget. Rob Portman is a former Senator from Ohio. They recently wrote an...
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Treasury & Markets Anticipate At Least $2 Trillion FY 2026 Deficit
Read moreThe U.S. Treasury Department released its Quarterly Refunding Documents for Q2 of Calendar Year 2026 today. These documents include information from...
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CBO Scores FY 2026 Reconciliation at $72 Billion
Read moreThe Senate Judiciary and Homeland Security and Governmental Affairs (HSGAC) Committees released draft reconciliation legislation for Fiscal Year (FY)...
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The Case for a 3% of GDP Deficit Target
Read moreAs the debt approaches record levels as a share of the economy, the United States government continues to run the highest peacetime deficits in the...
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Debt Reaches 100% of GDP
Read moreThe national debt hit 100.2% of Gross Domestic Product (GDP) at the end of March, based on new economic data released by the Bureau of Economic...
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Debt Surpasses Size of the Economy
Read moreThe national debt exceeded 100% of Gross Domestic Product (GDP) last month, based on new economic data released by the Bureau of Economic Analysis...
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What’s in the Senate FY 2026 Budget Resolution?
Read moreThe Senate adopted its Fiscal Year (FY) 2026 budget resolution last night, kicking off the reconciliation process. Unfortunately, the budget is about...
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1% Higher Interest Rates Add $3.5 Trillion in Debt
Read moreInterest costs will exceed $1 trillion this year and have nearly tripled from $345 billion in Fiscal Year (FY) 2020. By FY 2036, the Congressional...
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Senate Budget Resolution Falls Short
Read moreThe Senate Budget Committee released a Fiscal Year 2026 budget resolution today that is expected to receive a vote in the full Senate soon. The...
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Trump CEA Projections Tracker
Read moreBefore the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) released economic and fiscal...