Debt & Deficits
Latest
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FY 2024 Ends with $1.8 Trillion Deficit
Read moreThe U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit...
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The Fiscal Impact of the Harris and Trump Campaign Plans
Read moreNote: This analysis has been updated to incorporate new proposals announced by the candidates since we initially published on October 7. You can read...
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The Impact of the Trump and Harris Plans on Spending and Revenue
Read moreIn our recent analysis, The Fiscal Impact of the Harris and Trump Campaign Plans, we found that the campaign policy plans from both Vice President...
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Bipartisan Group of Lawmakers Introduce Employee Retention Tax Credit Repeal Act
Read moreIn response to concerns over fraudulent claims over the past few years, Senators Joe Manchin (I-WV), Mitt Romney (R-UT), and Thom Tillis (R-NC)...
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CBO Estimates 2024 Deficit Totaled $1.8 Trillion
Read moreThe Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a $1.8...
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Deficit Nears $2 Trillion Amid Rising Interest and Little Action
Read moreThe Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review...
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ARCHIVE: The Fiscal Impact of the Harris and Trump Campaign Plans
Read moreNOTE: This is an archived version of our initial analysis published on October 7. We have since published an updated analysis , featuring policies...
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Open Letter Urges Candidates to Focus on the Debt
Read moreTuesday marked the start of Fiscal Year 2025. With the ringing in of a new fiscal year, and with just over a month until Election Day, Board Members...
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Bipartisan Fiscal Forum Discusses Debt on House Floor
Read moreMembers of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger posed by our mounting...
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Treasury: $1.9 Trillion Deficit in First 11 Months of Fiscal Year
Read moreThe United States borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, according to the latest...
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CBO Estimates $1.9 Trillion Deficit for First 11 Months of Fiscal Year
Read moreIn the first eleven months of fiscal year 2024, the United States borrowed $1.9 trillion, including $381 billion in August, according to the latest...
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Treasury: $1.5 Trillion Deficit in First 10 Months of Fiscal Year
Read moreThe United States borrowed $1.5 trillion in the first ten months of fiscal year 2024, including $244 billion in July, according to the latest Monthly...