Debt & Deficits
Latest
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Event Recap: The Fiscal Outlook After the Debt Limit Deal
Read moreThe bipartisan Fiscal Responsibility Act (FRA), signed into law in May, is the largest deficit reduction legislation enacted in nearly a dozen years...
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Analysis of CBO's June 2023 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its June 2023 Long-Term Budget Outlook, projecting that the national debt is on an unsustainable...
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CBO Releases June 2023 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) just released its June 2023 Long-Term Budget Outlook that projects the nation's fiscal future over the next...
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Long-Term Projections Paint a Bleak Fiscal Picture
Read moreThe Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 181 percent of GDP by 2053 under CBO’s...
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Maya MacGuineas on Bloomberg's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg's "Balance of Power" to discuss the latest Long-Term Budget Outlook from the...
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The Post-FRA Fiscal Outlook
Read moreThe nation's fiscal outlook has improved slightly since the last Congressional Budget Office (CBO) baseline in May, thanks to the $1.5 trillion of ten...
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Gross National Debt Reaches $32 Trillion
Read moreThe gross national debt of the United States surpassed $32 trillion yesterday. It was just over eight months ago when the federal government eclipsed...
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W&M Tax Bill Undermines FRA Savings
Read moreThe American Families and Jobs Act (AFJA) that recently passed the House Ways and Means Committee would add $320 billion to the deficit over the next...
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Treasury Reports $1.2 Trillion Deficit For First 8 Months of Fiscal Year 2023
Read moreIn the first eight months of Fiscal Year 2023, the United States borrowed $1.2 trillion, including $240 billion in May, according to the latest...
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How Much Would the Fiscal Responsibility Act Save?
Read moreThe House-passed Fiscal Responsibility Act of 2023 (FRA) would suspend the debt limit and meaningfully reduce budget deficits – but by how much...
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It’s Time for a New Fiscal Commission
Read moreYesterday, Speaker McCarthy suggested the idea of a bipartisan fiscal commission to explore long-term budgetary issues. The following is a statement...
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Debt Explodes Under Alternative Scenarios
Read moreThe Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product...