Debt & Deficits

Families First Coronavirus Response Act Will Cost $192 Billion

Last week, the Congressional Budget Office (CBO) scored the Families First Coronavirus Response Act (FFCRA), the second of three packages...
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CBO Updates Budget Projections Before Coronavirus Impact

Today, the Congressional Budget Office (CBO) released its updated budget projections, showing the national debt is on an unsustainable path. Under...

New CBO Baseline Reaffirms Challenge of Coronavirus Response

For Immediate Release The Congressional Budget Office (CBO) today released its updated budget projections. Although the new baseline doesn’t...
Debt Clock

Monthly Deficit Hits New Record

For Immediate Release The United States ran a record-high budget deficit in February 2020. According to the Monthly Treasury Statement released...
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Interest Costs Will More Than Double Over the Next Decade

The Congressional Budget Office's (CBO) latest budget projections show interest on the national debt remains the fastest growing category of the...

Amy Klobuchar’s Plan to “Govern with Fiscal Responsibility”

Democratic presidential candidate Senator Amy Klobuchar (D-MN) put forward a Plan for the Future of Work and a Changing Economy in December...
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GAO: Fiscal Sustainability Is a Growing Concern for Some Key Federal Trust Funds

Last week, the Government Accountability Office (GAO) released a report on the financial health of the nation’s federal trust funds. Requested by...
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CBO's Budget Projections Show Deteriorating Fiscal Outlook

The Congressional Budget Office (CBO) just released its latest Budget and Economic Outlook, which shows trillion-dollar deficits returning...
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Bipartisan, Bicameral Group Requests CBO to Include Debt Servicing Impact in Legislative Cost Estimates

Senator Mike Lee (R-UT) and Representatives Ed Case (D-HI) and Michael Cloud (R-TX), in a bipartisan and bicameral group of 68 lawmakers, this week...

Kurt Couchman: When will cheap credit dry up?

Kurt Couchman is co-director of legislative strategy at the Committee for a Responsible Federal Budget. He recently wrote an ...

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