Latest
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Gross National Debt Reaches $35 Trillion
Read moreThe gross national debt of the United States reached $35 trillion last Friday, seven months after the previous milestone reached at the end of last...
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Meeting Fiscal Goals Under CBO’s June 2024 Baseline
Read moreIt would require nearly $10 trillion of deficit reduction to stabilize debt at its current share of the economy over the next decade, according to the...
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Bipartisan Fiscal Forum Leaders Letter Calls to Address Debt
Read moreBipartisan Fiscal Forum co-chairs Rep. Scott Peters (D-CA) and Rep. Bill Huizenga (R-MI) recently led a letter to House Speaker Mike Johnson (R-LA)...
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Trump and Biden: Partisan Breakdown of New Debt
Read moreIn their time in office, both former President Trump and President Biden approved trillions of dollars in new ten-year borrowing both for COVID...
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Trump and Biden: Timing of New Debt
Read moreIn a recent analysis , we estimated that President Trump approved $8.4 trillion of new ten-year borrowing during his term in office, while President...
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Tom Tauke: Neither Joe Biden nor Donald Trump seems willing to address the national debt
Read moreTom Tauke is a director at the Committee for a Responsible Federal Budget and former congressman from Iowa. He recently wrote an opinion piece in the...
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Maya MacGuineas: The Galling Mistake That Led The US To Its Current Debt Problem
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Pell Grant Shortfall Remains a Threat
Read morePell Grant costs will exceed new funding over the next decade, based on the latest Congressional Budget Office (CBO) baseline, depleting nearly all...
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Trump and Biden: Executive Actions
Read moreIn a recent analysis, we estimated that former President Trump approved $8.4 trillion of new ten-year borrowing ($4.8 trillion excluding the CARES Act...
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12-Month Deficit Decreases to $1.6 Trillion in June 2024
Read moreThe federal budget deficits totaled $1.6 trillion over the past 12 months, including the $73 billion June deficit released today by the Congressional...
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Tentative Senate Appropriations Deal Would Undermine Bipartisan Deficit Reduction
Read moreAccording to press reports , Senate Appropriations Chair Patty Murray (D-WA) and Vice Chair Susan Collins (R-ME) have reached a tentative deal to...
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Trump and Biden: Debt Growth
Read moreWe recently estimated that former President Trump and current President Biden approved $8.4 trillion and $4.3 trillion of new ten-year borrowing (or...