Why Have Federal Deficits Soared Over the Past Two Decades?
The widening budget deficit is attributable to both a decline in revenues and an increase in spending.
Read MoreThe White House Now Expects $2 Trillion Deficits by the End of the Decade
A set of new budget estimates reveals that even if the President’s budget were implemented in full, debt would still exceed its all-time high by the end of the decade.
Read MoreComprehensive Plans to Address the National Debt
Policy leaders and experts across the political spectrum have proposed a number of comprehensive plans to reduce America’s long-term debt.
Read MoreThe Nation’s Fiscal Outlook Just Got Worse — Here’s Why
The CBO updated its budget and economic projections, which now show that federal deficits are projected to be $2.1 trillion higher over the next decade than the agency projected just a few months ago.
Read MoreCBO’s New Report Shows Worsening Fiscal Outlook
The national debt is expected to exceed its record high in just 3 years.
Read MoreThe Lawmakers We Elect in November Will Face a Series of Important Fiscal Decisions
Here are some of the major fiscal deadlines that the leaders we elect for the next two, four, and six years will face.
Read MoreThe Fiscal Election: What’s at Stake in This Election?
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
Read MoreThe Current Federal Deficit and Debt
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2024.
Read MoreHealthcare Costs Are a Major Driver of the National Debt and Here’s Why
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Read MoreWhat Are Interest Costs on the National Debt?
Interest costs are on track to become the largest category of spending in the federal budget.
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