Debt & Deficits
Latest
-
Leon Panetta: Blowing Up the Debt is a Threat to America
Read moreAs the tax bills under consideration by the Congress make clear, the congressional budget process is badly broken — and there’s no longer any pretense...
-
Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security
Read moreAn open letter to Congressional leaders from Leon Panetta, Ash Carter and Chuck Hagel.
-
Maya MacGuineas: Missed Opportunity to Use Health Care, Tax Policies to Stop Debt Growth
Read moreHeadlines were made recently when the gross national debt topped $20 trillion for the first time. You would think this ominous milestone might give...
-
Maya MacGuineas: $20 Trillion in National Debt Is a Big Deal
Read moreMaya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
-
Why Did Debt Jump $318 Billion in One Day?
Read moreOn September 8, 2017, gross U.S. debt increased almost $318 billion after President Trump signed legislation temporarily suspending the debt limit as...
-
ARCHIVE: Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn September 8, the federal government's gross debt exceeded $20 trillion for the first time. This mark serves as an important reminder of the nation...
-
Marc Goldwein: National Debt: Yes, Rising Annual Deficits Threaten the U.S. Economy
Read moreMarc Goldwein is the senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote a column...
-
Q&A: Everything You Should Know About the Debt Ceiling - Sep 2017
Read moreThis Q&A has been updated. See here for the latest version. One issue that must be addressed this month is the federal debt ceiling, which was...
-
The Fed's Effect on Deficits and Debt
Read moreAs monetary policy watchers descend upon Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s annual economic policy symposium, we...
-
A Mini-Bargain to Improve the Budget
Read moreA new version of this paper exists that was updated to include savings for disaster relief. The national debt is currently at its highest share of the...
-
$200 Billion in Mandatory Savings Should Not Be Too Difficult
Read moreOne of the debates preceding the House Budget resolution was whether the resolution should call for $200 billion of mandatory savings. This week's...
-
Did the Trade Deficit Cause $20 Trillion in Debt?
Read moreIn a meeting with South Korean President Moon Jae-in, President Trump suggested that the national debt is caused by years of trade deficits. However...