Debt & Deficits

Updated projections from the Congressional Budget Office (CBO) show that tariffs enacted this year will reduce debt (including interest) by $3.0...

The federal budget deficit totaled $1.74 trillion between November 2024 and October 2025 according to estimates from the Congressional Budget Office...

President Trump proposed paying a dividend of “at least $2,000 a person” with new tariff revenue in a post on Truth Social this weekend. The post...

Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for MSNBC, an excerpt of which is...

The federal government raised $195 billion in customs duties in Fiscal Year (FY) 2025, more than 250% of what it collected in FY 2024, according to...

Before the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) released economic and fiscal...

The federal budget deficit totaled $1.8 trillion in Fiscal Year (FY) 2025, based on estimates from the Congressional Budget Office (CBO), roughly...

Chris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an op-ed for the Washington Monthly, an...

This November, the Supreme Court will hold oral arguments on whether a large swath of President Trump‘s tariffs are illegal or not, possibly leading...

From September 2024 through August 2025, the federal government borrowed $1.9 trillion based on estimates from the Congressional Budget Office (CBO)...

It would take roughly $7.5 trillion of deficit reduction over the next decade to bring the deficit down to 3 percent of GDP by 2035, and $9 trillion...