Debt & Deficits
Latest
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CRFB Launches Ad Campaign Urging No New Borrowing for the Rest of 2022
Read moreAs lawmakers contemplate a number of tax breaks and spending increases as part of a year-end legislative package, the Committee for a Responsible...
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CBO Releases 2022 Budget Options Report
Read moreThe Congressional Budget Office (CBO) released its Options for Reducing the Deficit: 2023 to 2032 report this week, outlining 76 policy options and...
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Maya MacGuineas: Three things Congress must do to curb our nation’s spiraling debt crisis
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently co-authored an...
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Maya MacGuineas: Here’s A Blueprint For Tackling America’s Crippling 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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Budget Experts Urge Congress: No New Borrowing for Remainder of 2022
Read moreToday budget experts from the Committee for a Responsible Federal Budget, Concord Coalition, Progressive Policy Institute, and R Street Institute sent...
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Maya MacGuineas: Washington should make a pledge: No new debt for the rest of 2022
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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EARN Act Would Cost $80 Billion Without Gimmicks
Read moreThis analysis is an update to a previous analysis of the Enhancing American Retirement Now Act to account for the introduction of the legislation...
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New Projection: Federal Debt Will Reach Record Levels Sooner Than Expected
Read moreThe nation’s fiscal and economic outlook has deteriorated substantially since the last Congressional Budget Office (CBO) baseline in May, when CBO...
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CBO Reports $83 Billion Deficit in First Month of Fiscal Year
Read moreThe United States borrowed $83 billion in October, according to the latest Monthly Budget Review from the Congressional Budget Office. The following...
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Mitch Daniels: Modern Monetary Theory, debunked everywhere except among government big-spenders
Read moreMitch Daniels is the president of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget, and a co...
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Q&A: Everything You Should Know About the Debt Ceiling
Read moreThis paper has been updated. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last...
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A $1.4 Trillion Deficit Is Not An Accomplishment
Read moreThe U.S. Treasury Department released the final Monthly Treasury Statement for Fiscal Year 2022 today, confirming the deficit totaled nearly $1.4...