Debt & Deficits
Latest
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Maya MacGuineas: National Debt is About to Roar Back to Life as a Pressing Issue
Read moreMaya MacGuineas, president of the Committee for a Responsible Federal Budget, published an op-ed with CNN. An excerpt is below. As a result of an...
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The Deficit Is Not "Coming Down Rapidly"
Read moreThis morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added): "As...
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Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”
Read moreIn a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged, the...
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VA Health Bill Should Be Offset
Read moreThe House will vote this week on a bill that would temporarily extend then replace the Veterans Choice Program, which allows veterans facing long wait...
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A "Cheat Sheet" to Our Recent Work on Debt
Read moreOver the past month, we've been explaining different elements of CBO's recent budget outlook. Below is a summary of our recent work. Decade of Debt...
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Budget Barometer: 6 Key Debt Numbers
Read moreA good way to judge the national debt is as a share of the overall economy (or GDP). Based on the latest figures from the Congressional Budget Office...
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Interest Spending is on Course to Triple
Read moreAccording to CBO's latest projections, the rising cost of interest on the debt is a significant driver of growing deficits and debt. In this piece, we...
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Debt Could be Twice the Size of the Economy by Mid-Century
Read moreThe Congressional Budget Office's (CBO) recent ten-year budget projections show that debt is on course to exceed the size of the economy in just over...
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IMF: US is the Only Advanced Economy With Debt Rising
Read moreThe International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...
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More Than Half of Next Year's Deficit is Congress's Fault
Read moreThe budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...
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Analysis of CBO’s April 2018 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its ten-year budget and economic outlook today, showing that recent legislation has made an already...
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New From CBO: Trillion-Dollar Deficits Will Return In Two Years
Read moreThe Congressional Budget Office (CBO) just released its latest baseline projections – the first since last June and the first to incorporate the...