Debt & Deficits

Last year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and speculated...

Moments ago, President Joe Biden unveiled his Fiscal Year (FY) 2022 budget proposal, outlining his tax and spending proposals and their effects on the...

Last week, the Congressional Budget Office (CBO) released a letter outlining how enacted legislation and certain amounts of additional spending would...

Federal debt held by the public is now larger than annual economic output and is on track to reach 113 percent of Gross Domestic Product (GDP) by 2031...

The COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local...

Today the Committee for a Responsible Federal Budget launched Budgeting for the Future, a suite of interactive games related to the federal budget and...

A new Ipsos poll finds that a strong majority of Americans are concerned about the national debt and want federal spending to be more balanced between...

Senator Cynthia Lummis (R-WY) recently introduced the Sustainable Budget Act with Senators Joni Ernst (R-IA), Kevin Cramer (R-ND), Mike Rounds (R-SD)...

Representatives Adam Kinzinger (R-IL) and Dean Phillips (D-MN) recently introduced a joint resolution to establish a National Committee on Fiscal...

The Government Accountability Office (GAO) recently published its latest report on the nation’s long-term fiscal outlook. Once again, GAO warns that...

The Committee for a Responsible Federal Budget recently shared our updated " Briefing Book for a Fiscally Responsible 117 th Congress" with...

Establishing fiscal goals, including debt targets, is one proactive way to begin to tackle our nation's unsustainable fiscal situation. Legislation...