Debt & Deficits
Latest
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Update: Why Our Debt Is Still a Problem Even if Deficits Fall
Read moreSeptember 30th marked the end of the Fiscal Year, and the final numbers are in. The deficit for last year was $439 billion, according to the final...
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FY 2015 Deficit Falls to $439 Billion, but Debt Continues to Rise
Read moreThis paper was updated on October 15, 2015 to reflect the final end of year deficit as announced by the Treasury Department. The Fiscal Year (FY) 2015...
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Auerbach-Gale Projections Also Show Unsustainable Debt Picture
Read moreAlan Auerbach and William Gale at the Tax Policy Center recently released their frequently-updated budget projections. Their new outlook is familiar...
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Report: Analysis of CBO’s Updated Budget and Economic Outlook August 2015
Read moreThe Congressional Budget Office (CBO) today released its updated budget and economic projections for the coming decade, showing that while short-term...
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The Gathering Storm: Fiscal Clouds Amass This Fall
Read moreIn early 2015, the Committee for a Responsible Federal Budget (CRFB) warned of the upcoming Fiscal Speed Bumps, explaining “lawmakers will face a...
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Fiscal FactCheck: The First Republican Debate
Read moreThis blog is the first in a “ Fiscal FactCheck ” designed to examine the accuracy of budget-related statements made during the 2016 presidential...
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Fiscal FactCheck: 16 Budget Myths to Watch Out For in the 2016 Campaign
Read moreUpdate: The original version of this paper had a mathematical typo, saying that Medicare beneficiaries get, on average, 350% more out of the program...
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How Lawmakers Have Added to Deficits This Year
Read moreThe beginning of the 114th Congress was marked by a great deal of rhetoric about fiscal responsibility and passage of a budget resolution promising a...
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Sources of Spending Growth in the Long Term
Read moreOver the past few weeks, we have been posting in-depth analysis of the Congressional Budget Office’s (CBO) Long-Term Outlook. In its supplemental data...
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Richmond Fed Releases Bailout Barometer
Read moreThe Federal Reserve Bank of Richmond has updated their “ Bailout Barometer,” which measures the total financial sector liabilities that have a...
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$180 Billion Added to the Debt This Congress - How Deep Will Congress Dig?
Read moreOur partners at Fix the Debt released a graphic yesterday highlighting the fiscal irresponsibility of the 114th Congress in the few months it has been...
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Debt and Deficits Under the FY 2016 Budgets
Read moreWith budget consideration underway this week, the House has passed its own resolution and rejected several proposed alternatives, while the Senate...