Debt & Deficits
Latest
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Deficit Totaled $1.7 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.7 trillion over the past 12 months, incorporating the $348 billion May deficit estimated by the Congressional...
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Income Growth Would Slow By One-Third Due to Rising Debt
Read moreA new report from the Congressional Budget Office (CBO) finds rising national debt will slow economic growth and reduce projected incomes. Compared to...
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Debt Surges With Extensions
Read moreBased on new estimates from the Congressional Budget Office (CBO), debt could reach 132 percent of Gross Domestic Product (GDP) by Fiscal Year (FY)...
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Introducing the CRFB Debt Thermometer
Read moreFiscal policy has profound consequences on the economic health and national security of the country. Yet little is done to track the effects of...
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Tim Penny & David Minge: Taxes increasingly paying for the past - not the future
Read moreTim Penny is co-chair and David Minge is a an emeritus board member of the Committee for a Responsible Federal Budget. Both are former representatives...
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Trust Fund Solvency Could Stabilize the Debt
Read moreRestoring solvency to the major trust funds could stabilize debt as a share of the economy, albeit at a very high level. We estimate that when dynamic...
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Treasury: $1.1 Trillion Deficit in First Half of Fiscal Year
Read moreThe United States borrowed $1.1 trillion in the first six months of fiscal year 2024, including $236 billion in March, according to the latest Monthly...
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Deficit Was $1.7 Trillion Over Past Year
Read moreThe federal budget deficit totaled $1.7 trillion over the past 12 months, down $142 billion from the 12-month period ending in February and down $37...
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Analysis of CBO's March 2024 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) released its March 2024 Long-Term Budget Outlook today that projects the nation’s fiscal and economic future...
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CBO Presents Grim Long-Term Fiscal Outlook
Read moreThe Congressional Budget Office released its latest Long-Term Budget Outlook today, projecting the nation’s finances over the next 30 years. CBO...
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CBO Releases March 2024 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) just released its March 2024 Long-Term Budget Outlook that projects the nation's fiscal and economic future over...
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Analysis of the President's FY 2025 Budget
Read moreThe White House released its Fiscal Year (FY) 2025 budget proposal today, outlining President Biden’s tax and spending priorities for the next decade...