Debt & Deficits
Latest
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New Build Back Better Framework Relies Too Heavily on Gimmicks
Read moreFor Immediate Release Today, the White House released an updated framework for its Build Back Better plan. The framework proposes $1.85 trillion of...
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Treasury: 2021 Deficit Was $2.8 Trillion
Read moreThe Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and debt...
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A $2.8 Trillion Budget Deficit
Read moreFor Immediate Release The Congressional Budget Office released its final monthly budget review of fiscal year (FY) 2021 today, concluding the budget...
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Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue
Read morePolicymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of...
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Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation
Read moreRepresentatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...
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Comparing the Cost of Build Back Better to Other Recent Legislation
Read moreLawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed bipartisan infrastructure bill and...
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The Budgetary Implications of the Senate Budget Resolution
Read moreThe recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1...
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How Much Could Build Back Better Add to the Debt, An Update
Read moreNote: 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...
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CBO's Deficit Projections Are Higher, Here's Why
Read moreIn its updated Budget and Economic Outlook, the Congressional Budget Office (CBO) projected budget deficits will total $15.1 trillion between Fiscal...
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The Senate Budget Resolution Would Allow $1.75 Trillion of Borrowing
Read moreSenate Budget Committee Chairman Bernie Sanders (I-VT) released a budget resolution for Fiscal Year (FY) 2022 today that allows for up to roughly $1...
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Infrastructure Plan Will Add $400 Billion to the Deficit, CBO Finds
Read moreThe Congressional Budget Office (CBO) just published its score of the recently unveiled bipartisan Infrastructure Investment and Jobs Act. Though its...
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How Much Could Build Back Better Add to the Debt?
Read moreNote: This analysis was updated for new data and details on August 11, 2021. See the updated analysis here. While we do not have all the estimates for...