The Deficit Has Never Been This High When the Economy Was This Strong
This year, the budget deficit is projected to total about $970 billion – 4.6 percent of GDP – up from $666 billion (3.5 percent of GDP) in...
Debt & Deficits
How Much Does the Government Really Owe?
When analyzing the fiscal health of the country, we often focus on federal government debt held by the public. Data published by USAFacts allows us...
Maya MacGuineas: Massive Deficit Was Totally Predictable & Self-Imposed
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...
Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength
With last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
Are Defense and Disasters Causing the Deficit Increase?
When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of...
Treasury: 2018 Deficit was $779 Billion
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113...
CBO Shows $782 Billion Deficit for FY 2018
Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
A Fiscal Year Defined by $2.4 Trillion In New Debt
Typically, we mark the end of the fiscal year, which will occur on Monday, by reviewing important numbers for the previous fiscal year. This year,...
CBO’s Alternative Long-Term Budget Scenarios
The Congressional Budget Office (CBO) released alternative scenarios to its Long-Term Budget Outlook today. These scenarios show that if the recent...
Maya MacGuineas: National Debt is About to Roar Back to Life as a Pressing Issue
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, published an op-ed with CNN. An excerpt is below.
As a result of...