Debt & Deficits
Latest
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CBO’s February 2026 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its February 2026 Budget and Economic Outlook today, updating its January 2025 baseline to account for... -
12-Month Rolling Deficit is $1.6 Trillion in January 2026
Read moreThe federal government has borrowed $1.6 trillion over the past 12 months based on the latest estimates from the Congressional Budget Office (CBO)... -
George Will Highlights Potential Dangerous Path Ahead
Read moreIn an opinion piece for The Washington Post, columnist George Will writes about the six paths to a fiscal disaster outlined in our recent paper, “... -
Washington Post Highlights 3% of GDP Deficit Resolution
Read moreThe Washington Post’s Editorial Board recently published a piece applauding the introduction of a new resolution calling for a 3% of Gross Domestic... -
12-Month Rolling Deficit is $1.7 Trillion in Calendar Year 2025
Read moreThe federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The... -
Romney Stresses Need for Entitlement Reform, Revenue Increases in NYT
Read moreFormer Senator Mitt Romney (R-UT), a board member of the Committee for a Responsible Federal Budget, published a guest essay in The New York Times... -
12-Month Rolling Deficit is $1.6 Trillion in November 2025
Read moreThe federal government has borrowed $1.6 trillion over the past 12 months based on new estimates from the Congressional Budget Office (CBO). In... -
CBO’s New Projections Show $1 Trillion Less in Tariff Savings
Read moreUpdated projections from the Congressional Budget Office (CBO) show that tariffs enacted this year will reduce debt (including interest) by $3.0... -
12-Month Deficit Totals $1.7 Trillion, Debt Approaches 100% of GDP
Read moreThe federal budget deficit totaled $1.74 trillion between November 2024 and October 2025 according to estimates from the Congressional Budget Office... -
Tariff Dividends Could Cost $600 Billion Per Year
Read morePresident Trump proposed paying a dividend of “at least $2,000 a person” with new tariff revenue in a post on Truth Social this weekend. The post... -
Maya MacGuineas: America's fiscal crisis is worsening. Everyone should take note.
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for MSNBC, an excerpt of which is... -
Tariff Revenue Soars in FY 2025 Amid Legal Uncertainty
Read moreThe federal government raised $195 billion in customs duties in Fiscal Year (FY) 2025, more than 250% of what it collected in FY 2024, according to...