Debt & Deficits

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Interest Spending is on Course to Triple

According to CBO's latest projections, the rising cost of interest on the debt is a significant driver of growing deficits and debt. In this...
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Debt Could be Twice the Size of the Economy by Mid-Century

The Congressional Budget Office's (CBO) recent ten-year budget projections show that debt is on course to exceed the size of the economy in just...
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IMF: US is the Only Advanced Economy With Debt Rising

The International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...

More Than Half of Next Year's Deficit is Congress's Fault

The budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...
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Analysis of CBO’s April 2018 Budget and Economic Outlook

The Congressional Budget Office (CBO) released its ten-year budget and economic outlook today, showing that recent legislation has made an already...
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New From CBO: Trillion-Dollar Deficits Will Return In Two Years

The Congressional Budget Office (CBO) just released its latest baseline projections – the first since last June and the first to incorporate the...
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Chartbook: America's Deteriorating Budget Outlook

Below is a chartbook on America's deteriorating budget outlook.  
Maya MacGuineas

Maya MacGuineas: America's Debt Crisis is Coming – Interest Payments Will Hit a Trillion Dollars a Year

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
Maya MacGuineas

Maya MacGuineas: Federal Budget Increasingly Tilted Against Investment in Children

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Updating the U.S. Budget Outlook

The national debt is currently higher than at any time in history outside of World War II and the years immediately after, and it is rising...

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