Debt & Deficits

On April 2, the Trump Administration announced a series of so-called " reciprocal tariffs” applied to nearly every country with which the United...

The Senate’s proposed concurrent Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $5.8 trillion to primary deficits through...

Update (4/11/2025): The Senate adopted the budget described below on April 5, 2025, and the House adopted the budget on April 10, 2025, making this...

Press reports indicate that Senate leadership may release a proposed concurrent budget resolution for Fiscal Year (FY) 2025 as early as today with...

It would take more than $7 trillion of ten-year savings to stabilize debt at the size of the economy by Fiscal Year (FY) 2034. But rather than making...

The reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of net borrowing through 2034...

The Congressional Budget Office (CBO) just released its March 2025 Long-Term Budget and Economic Outlook, its first full thirty-year baseline and...

The House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...

The federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the Congressional Budget Office (CBO)...

The House of Representatives will soon consider a budget resolution for Fiscal Year (FY) 2025, which was reported favorably out of the House Budget...

The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from...