Debt & Deficits
Latest
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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...
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Treasury: $381 Billion Deficit in First 2 Months of Fiscal Year
Read moreThe United States borrowed $381 billion in the first two months of fiscal year 2024, including $314 billion in November, according to the latest...
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CBO Estimates $383 Billion Deficit For First Two Months of Fiscal Year
Read moreThe United States borrowed $383 billion in the first two months of fiscal year 2024, including $317 billion in November, according to the latest...
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Treasury Confirms $67 Billion Deficit in First Month of Fiscal Year
Read moreThe United States borrowed $67 billion in the first month of fiscal year 2024, according to the latest Monthly Treasury Statement from the Treasury...
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CBO Estimates $65 Billion Deficit For First Month of Fiscal Year
Read moreSince Fiscal Year (FY) 2024 began on October 1, the United States has already borrowed $65 billion, according to the latest Monthly Budget Review...
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Chartbook: R versus G and the National Debt
Read moreOn October 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on the...
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ARCHIVE: Introducing the CRFB Debt Thermometer (2023)
Read moreNote: This is an archived version of the initial CRFB Debt Thermometer. For the most recent thermometer, see this page . Fiscal policy has profound...
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2023 Deficit Hit $1.7 Trillion
Read moreThe U.S. Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2023, showing a $1.7 trillion deficit for the...
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Deficit Tops $1.7 Trillion As Interest Rates Surge
Read moreThe Congressional Budget Office (CBO) today released its final Monthly Budget Review of Fiscal Year (FY) 2023, finding that the budget deficit totaled...
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Maya MacGuineas: Finally, a Serious Idea to Address the National Debt
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...
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An Overview of the House FY 2024 Budget Resolution
Read moreThe House Budget Committee has released and marked up its Fiscal Year (FY) 2024 budget resolution, a framework that purports to put the budget on a...
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn September 15, 2023, the federal government's gross debt exceeded $33 trillion for the first time. This mark serves as an important reminder of the...