Debt & Deficits
Latest
-
CBO Releases May 2023 Baseline
Read moreThe Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable...
-
Treasury Confirms $925 Billion Deficit For First 7 Months of Fiscal Year 2023
Read moreIn the first seven months of fiscal year 2023, the United States borrowed $925 billion, according to the latest Monthly Treasury Statement from the...
-
Q&A: Everything You Should Know About the Debt Ceiling
Read moreThe federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which lasted until January 19, 2023, according to a...
-
Maya MacGuineas on MSNBC's "The Sunday Show"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined MSNBC's "The Sunday Show" with Jonathan Capehart to discuss the...
-
CBO Scores the Limit, Save, Grow Act
Read moreUpdate (4/26/2023): The Congressional Budget Office released an estimate of the House Rules Committee amendments to the bill, reducing the savings of...
-
ARCHIVE: What's in the Limit, Save, Grow Act?
Read moreUpdate (4/25/2023): The Congressional Budget Office has released an official score of the Limit, Save, Grow Act; read our analysis of that score here...
-
Extensions Would Wipe Away President's Deficit Reduction
Read moreWe were very encouraged by the President’s call for $3 trillion of ten-year deficit reduction in his Fiscal Year (FY) 2024 budget proposal. However...
-
New CBO Estimate Should Send IDR Plan Back to Drawing Board
Read moreThe Congressional Budget Office (CBO) estimates the President’s proposed income-driven repayment (IDR) plan for student loans will cost $230 billion...
-
House Freedom Caucus Proposes up to $3.7 Trillion in Savings for Debt Ceiling Vote
Read moreThe House Freedom Caucus released today a proposal for the upcoming debt ceiling negotiations. Its members call for repealing the announced student...
-
Maya MacGuineas: Is cutting the deficit by $3 trillion enough? Not even close
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...
-
Treasury: $262 Billion Deficit in February
Read moreThe Treasury Department released its latest Monthly Treasury Statement today, showing that the United States borrowed $262 billion in the month of...
-
Net Interest Will Total $10.5 Trillion Over the Next Decade
Read moreOne of the fastest-growing expenditures over the next decade will be net interest on the national debt, according to the latest projections from the...