Debt & Deficits

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IMF: U.S. Continues to Stand Out with Growing Debt

The United States ranks number one among advanced economies in expected increase of debt as a percentage of Gross Domestic...
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CBO's Updated Baseline Shows Grim Outlook

Today, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and...
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GAO: "Federal Government Is on an Unsustainable Fiscal Path"

The Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...

Why Should We Worry About the National Debt: Questions and Answers

“Why Should We Worry About the National Debt?” describes six important ways that the growing national debt will affect the budget and the economy....

Why Should We Worry About the National Debt?

Though the national debt is at a post-war high, the willingness of policymakers to address it seems as if it is at an all-time low. The last two...

Tyler Evilsizer: Fiscal Negligence of Recent Congresses Must Be Dealt With Now

Tyler Evilsizer is deputy policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for...

Three-Fifths of This Year's Deficit is Policymakers' Fault

The budget deficit will be almost $900 billion this year according to projections from the Congressional Budget Office (CBO). By our estimates, 60...

Annual Deficits Could Hit $2.3 Trillion

Deficits are rising quickly under current law, as the Congressional Budget Office's (CBO) recent budget outlook demonstrates. Under current law, CBO...
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Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029

The 2017 tax cut and the 2018 spending bill loom large in the latest Congressional Budget Office (CBO) outlook; the two pieces of legislation as...
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Q&A: Everything You Should Know About the Debt Ceiling

One issue that must be addressed soon is the federal debt ceiling, which will be reinstated on March 2, 2019 at around $22 trillion. At that point,...

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