Budgets & Projections
Latest
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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...
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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...