Debt & Deficits
Latest
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National Debt Reaches $33 Trillion; Adds $1 Trillion to Debt in 3 Months
Read moreThe gross national debt of the United States surpassed $33 trillion on Friday, just months after the federal government’s gross debt eclipsed $32...
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Treasury Reports $1.5 Trillion Deficit For First 11 Months of Fiscal Year
Read moreThe United States borrowed $1.5 trillion in the first eleven months of fiscal year 2023, including an $89 billion surplus in August due to the...
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CBO Estimates $1.5 Trillion Deficit For First 11 Months of Fiscal Year
Read moreIn the first eleven months of fiscal year 2023, the United States borrowed $1.5 trillion, with a $90 billion surplus in August due to the reversal of...
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CBO Outlines Negative Implications of High & Rising National Debt
Read moreIn its June 2023 Long-Term Budget Outlook, the Congressional Budget Office (CBO) dedicated an entire section to discussing the risks and threats of...
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White House Calls for $40 Billion Supplemental
Read moreThe White House recently proposed a supplemental appropriations package to boost Fiscal Year (FY) 2024 ordinary appropriations by $40 billion above...
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Treasury Reports $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreThe United States borrowed $1.6 trillion in the first ten months of fiscal year 2023, including $221 billion in July, according to the latest Monthly...
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CBO's Alternative Long-Term Budget Projections
Read moreThough the Congressional Budget Office's (CBO) latest Long-Term Budget Outlook projects that federal debt held by the public will reach 181 percent of...
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We Must Not Backslide on Fiscal Responsibility Act
Read moreThe bipartisan Fiscal Responsibility Act (FRA) enacted last month was projected to generate $1.5 trillion of deficit reduction – more than any...
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Restoring Trust Fund Solvency Would Reduce Long-Term Debt Growth
Read moreRestoring solvency to the major trust funds would reduce one-half to four-fifths of the projected debt-to-GDP growth over the next three decades. The...
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Treasury Reports $1.4 Trillion Deficit For First 9 Months of Fiscal Year 2023
Read moreThe United States borrowed $1.4 trillion in the first nine months of fiscal year 2023, including $228 billion in June, according to the latest Monthly...
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New Poll Finds Widespread Support for Creation of a Bipartisan Fiscal Commission
Read moreA recent poll released by the Peter G. Peterson Foundation shows that a strong majority of Americans are increasingly concerned with the national debt...
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Chartbook: The Fiscal Outlook After the Debt Limit Deal
Read moreThe recently-enacted Fiscal Responsibility Act (FRA) is the largest deficit reduction package in nearly a dozen years and an important step forward...