Debt & Deficits

UPDATE 12/10: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...

UPDATE 12/13: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...

New estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track to...

The Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and debt...

Policymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of...

Representatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...

Lawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed bipartisan infrastructure bill and...

The recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1...

Note: with recent Administrative actions on SNAP, debt-to-GDP will be about 0.6 percent higher in all scenarios. As a result, it will now reach 107...

In its updated Budget and Economic Outlook, the Congressional Budget Office (CBO) projected budget deficits will total $15.1 trillion between Fiscal...