Debt & Deficits
Latest
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How Long Before Cancelled Student Debt Would Return?
Read moreNote: This analysis has been updated to reflect President Biden’s announced cancellation plan . You can read the original version here. President...
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IRA Changes Could Erase $500 Billion of Long-Term Savings
Read moreRecently, we estimated the original Inflation Reduction Act (IRA) would reduce deficits by roughly $1.5 trillion over two decades, or nearly $2...
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Budget Experts Urge Congress to Enact Deficit Reduction
Read moreToday, 55 of the nation’s top budget experts issued a letter calling for Congress to enact deficit reduction in the coming months and years in order...
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Analysis of CBO's July 2022 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its July 2022 Long-Term Budget Outlook. Although CBO’s extended baseline is based on outdated...
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CBO Releases July 2022 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...
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CBO’s Long-Term Budget Outlook Forecasts Debt In Uncharted Territory
Read moreThe Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 185 percent of GDP by 2052 under CBO’s...
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The Economy Needs an Inflation Reduction Act
Read moreSenator Joe Manchin (D-WV) just announced an agreement with Senate Majority Leader Chuck Schumer (D-NY) to vote on the Inflation Reduction Act of 2022...
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CBO Estimates "Chips-Plus" Bill Would Cost $79 billion
Read moreThe Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...
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Risks and Threats from Deficits and Debt
Read moreAfter two decades of uninterrupted borrowing – including three years in which deficits surpassed 10 percent of the economy – the U.S. national debt is...
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Reconciliation Should Reduce Deficits, Fight Inflation, and Strengthen Medicare
Read moreAs negotiations have resumed over a potential reconciliation bill, policymakers should maintain focus on combining any new spending and tax breaks...
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ARCHIVE #2: How Long Before Cancelled Student Debt Would Return?
Read moreNote: This analysis has been updated from the original version to reflect new estimates of how long it would take for the amount of student debt owed...
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Fight Inflation by Lowering Deficits, Not Boosting Them
Read moreYesterday, President Biden told reporters the Administration was nearing decisions on whether to cancel student debt by executive order and whether to...