Latest
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National Debt Reaches $33 Trillion; Adds $1 Trillion to Debt in 3 Months
Read moreThe gross national debt of the United States surpassed $33 trillion on Friday, just months after the federal government’s gross debt eclipsed $32...
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Social Security Reform Can Boost Incomes, Grow the Economy
Read moreAccording to recent estimates from the Congressional Budget Office (CBO), restoring Social Security solvency through blunt changes could ultimately...
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Thought Leaders Urge Establishment of Fiscal Commission
Read moreToday, an ideologically diverse group of thought leaders are issuing a letter calling for the establishment of a bipartisan fiscal commission. The...
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Treasury Reports $1.5 Trillion Deficit For First 11 Months of Fiscal Year
Read moreThe United States borrowed $1.5 trillion in the first eleven months of fiscal year 2023, including an $89 billion surplus in August due to the...
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The Deficit Was $2.0 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $2.0 trillion over the past 12 months, $310 billion below last month's $2.3 trillion estimate. This reduction can...
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CBO Estimates $1.5 Trillion Deficit For First 11 Months of Fiscal Year
Read moreIn the first eleven months of fiscal year 2023, the United States borrowed $1.5 trillion, with a $90 billion surplus in August due to the reversal of...
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Donald Trump’s Universal Baseline Tariff
Read moreFormer President and current Republican presidential candidate Donald Trump recently suggested implementing a baseline tariff of 10 percent on all U.S...
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Congress Should Avoid Shutdown Without Further Debt Increases
Read moreThere are just a few weeks left to avoid a government shutdown. Without either a continuing resolution or appropriations bills for Fiscal Year 2024...
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Government Shutdowns Q&A: Everything You Should Know
Read moreThis paper has been updated here. The new fiscal year (FY) begins on October 1, 2023, and Congress has so far enacted none of the 12 appropriations...
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg's "Balance of Power" with Annmarie Hordern and Joe Mathieu to discuss the chances of a...
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Budget Experts’ Prediction of a Government Shutdown
Read moreWe expect there will be an awful lot of talk about a government shutdown in the coming weeks and months, so we decided to create a highly unscientific...
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Fact-Checking the First 2024 GOP Primary Debate
Read moreIn the first Republican primary debate of the 2024 presidential election cycle, candidates made a number of claims relating to fiscal policy, the...