Debt & Deficits
Latest
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What Would It Take To Fix the Debt?
Read moreIt would take about $8 trillion of ten-year savings to stabilize debt as a share of the economy and about $15 trillion to balance the budget under the... -
Treasury: $532 Billion Deficit in First 4 Months of Fiscal Year
Read moreThe United States borrowed $532 billion in the first four months of fiscal year 2024, including $22 billion in January, according to the latest... -
The Deficit Was $1.8 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.8 trillion over the past 12 months, up $70 billion from Fiscal Year (FY) 2023, or 4.2 percent. The 12-month... -
CBO Releases February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its February 2024 Budget and Economic Outlook, its first full ten-year baseline and economic... -
CBO's February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office released its February 2024 Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over... -
Chartbook: From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreOn January 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on our... -
The Deficit Hit $1.8 Trillion in Calendar Year 2023
Read moreThe federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent... -
Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,... -
From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreIn 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government... -
How Much Did President Trump Add to the Debt?
Read moreNote: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and... -
Gross National Debt Tops $34 Trillion; Third Milestone in 12 Months
Read moreThe gross national debt of the United States topped $34 trillion Friday after topping $33 trillion in September, the U.S. Treasury confirmed today... -
Congress Should Avoid Costly Tax Cut Holiday Season
Read moreAccording to press reports , policymakers may be close to reaching a bipartisan tax cut deal that would temporarily restore various business tax...