Debt & Deficits
Latest
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Section 301 & 338 Tariffs Replace Less Than 60% of Lost IEEPA Revenue
Read moreToday, the Trump Administration announced final action imposing tariffs of 10% to 12.5% on certain imports from 60 economies in response to their...
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What's in the House FY 2027 Budget Resolution?
Read moreThe House Budget Committee released a Fiscal Year (FY) 2027 budget resolution today. Unlike a typical budget resolution, which outlines spending and...
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12-Month Rolling Deficit is $1.8 Trillion in June 2026
Read moreThe federal government has borrowed $1.8 trillion over the past 12 months based on the latest estimates from the Congressional Budget Office (CBO)...
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Even Fiscal Doves Now Worry About the Debt
Read moreThe national debt is on an unsustainable path and represents a growing threat to the budget and economy. Increasingly, even former “fiscal doves” are...
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GAO Calls for ‘Urgent and Sustained Action’ on National Debt
Read moreIn its new report, “ The Nation’s Fiscal Health,” the Government Accountability Office (GAO) projects the national debt will rise to 251 percent of...
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Proposed Tariff Actions Could Raise Revenue by Nearly $1 Trillion
Read moreThe Trump Administration recently proposed new tariffs on imports from 60 economies using Section 301, which allows the President to impose trade...
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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...