Debt & Deficits
Latest
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What Would it Take to Stabilize the Debt?
Read moreFederal 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...
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Eugene Steuerle: How Existing Budgetary Commitments Could Affect President Biden’s Domestic Policy Goals
Read moreThe COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local...
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CRFB Launches Suite of Budget Games
Read moreToday the Committee for a Responsible Federal Budget launched Budgeting for the Future, a suite of interactive games related to the federal budget and...
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New Poll Finds Americans Worry About the Debt and Want the Budget More Balanced Between Generations
Read moreA 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...
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Senator Lummis Introduces Sustainable Budget Act
Read moreSenator Cynthia Lummis (R-WY) recently introduced the Sustainable Budget Act with Senators Joni Ernst (R-IA), Kevin Cramer (R-ND), Mike Rounds (R-SD)...
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Kinzinger and Phillips Call for a Bipartisan Commission to Address the Deficit
Read moreRepresentatives Adam Kinzinger (R-IL) and Dean Phillips (D-MN) recently introduced a joint resolution to establish a National Committee on Fiscal...
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GAO Releases Long-Term Budget Outlook
Read moreThe Government Accountability Office (GAO) recently published its latest report on the nation’s long-term fiscal outlook. Once again, GAO warns that...
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Committee Sends Congress a Briefing Book on the Budget
Read moreThe Committee for a Responsible Federal Budget recently shared our updated " Briefing Book for a Fiscally Responsible 117 th Congress" with...
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Burchett and Case Reintroduce RAFT Act
Read moreEstablishing fiscal goals, including debt targets, is one proactive way to begin to tackle our nation's unsustainable fiscal situation. Legislation...
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New Budget Projections Show Record Deficits and Debt
Read moreNow that the American Rescue Plan Act has been signed into law, the federal deficit is on course to exceed $3 trillion this year, with debt reaching a...
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How High Are Federal Interest Payments?
Read moreThis year, the federal government will spend $300 billion on interest payments on the national debt. This is the equivalent of nearly 9 percent of all...
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Analysis of CBO's March 2021 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its March 2021 Long-Term Budget Outlook, confirming that the federal budget is on an...