Debt & Deficits
Latest
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Mitch Daniels: Debt disaster denialists think America has a new magic bullet
Read moreMitch Daniels is a former Governor of Indiana and former President of Purdue University. He is also a Co-Chair of the Board of Directors of the...
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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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Debt Ceiling Q&A
Read moreThe debt ceiling currently stands at $41.1 trillion, having been lifted to that level by the One Big Beautiful Bill Act (OBBBA) signed into law on...
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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 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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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...
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Recent Metal Tariff Changes Will Lose $90 Billion, Instead of Raising Revenue
Read moreOn April 2 the Administration issued a proclamation adjusting tariffs on imports of aluminum, steel, and copper. Contrary to the initially reported...
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12-Month Rolling Deficit is $1.6 Trillion in March 2026
Read moreThe federal government borrowed $1.6 trillion over the past 12 months based on new estimates from the Congressional Budget Office (CBO). CBO estimates...
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Potential Steel and Aluminum Tariff Changes Would Raise $70 Billion
Read moreNote: (04/02/2026) The Administration's proclamation issued today adjusting tariffs on the imports of steel, aluminum, and copper differs from...
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn March 17, 2026, the gross national debt exceeded $39 trillion for the first time. This mark serves as an important reminder of the nation's...
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A Gas Tax Holiday Would Cost Billions Each Month
Read moreIn the midst of the conflict with Iran and spiking oil prices, policymakers are reportedly considering – and some have introduced – a temporary gas...
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OBBBA Dynamic Score Comes In at $4.7 Trillion
Read moreThe “One Big Beautiful Bill Act” (OBBBA) will add $4.2 trillion to the national debt through Fiscal Year (FY) 2034 or $4.7 trillion through 2035 after...