Debt & Deficits
Latest
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Recent Fiscal Irresponsibility Will Double Deficits
Read moreAs deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the past...
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President Trump’s $4 Trillion Debt Increase
Read moreIf the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In total, we...
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CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why
Read moreIn its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of Gross...
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CBO: Fixing the Debt Would Increase Income
Read morePutting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
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CBO: Debt Remains Unsustainable With r < g
Read moreThe national debt is rising at an unsustainable pace. A factor that helps is interest rates currently being lower than the economic growth rate (r
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Judd Gregg: And the threat is...
Read moreJ udd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and ranking member...
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IMF: U.S. Continues to Stand Out with Growing Debt
Read moreThe United States ranks number one among advanced economies in expected increase of debt as a percentage of Gross Domestic Product (GDP) according to...
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CBO's Updated Baseline Shows Grim Outlook
Read moreToday, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and continue...
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GAO: "Federal Government Is on an Unsustainable Fiscal Path"
Read moreThe Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...
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Why Should We Worry About the National Debt: Questions and Answers
Read more“Why Should We Worry About the National Debt?” describes six important ways that the growing national debt will affect the budget and the economy...
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Why Should We Worry About the National Debt?
Read moreThough the national debt is at a post-war high, the willingness of policymakers to address it seems as if it is at an all-time low. The last two years...
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Tyler Evilsizer: Fiscal Negligence of Recent Congresses Must Be Dealt With Now
Read moreTyler Evilsizer is deputy policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The Hill , an...