Growing National Debt Sets Off Alarm Bells for U.S. Business Leaders
Debt rising unsustainably threatens the country’s economic future, and a number of business leaders have signaled their concern.
Read MoreHigh Interest Rates Left Their Mark on the Budget
When rates increase, borrowing costs rise; unfortunately, for the fiscal bottom line, that dynamic has been playing out over the past few years.
Read MoreNational Debt Could More than Double the Size of the Economy
GAO’s findings add to a chorus of nonpartisan evidence and analysis showing that action is needed to improve our fiscal outlook.
Read MoreLong-Term Budget Outlook Leaves No Room for Costly Legislation
As lawmakers consider costly legislation to extend expiring tax provisions this year, CBO’s latest projections serve as a warning that our fiscal outlook is already dangerously unsustainable.
Read MoreNational Debt Would Skyrocket Under TCJA Extension
New analysis released from the nonpartisan CBO shows deficits doubling and debt skyrocketing under a scenario where the expiring provisions of the Tax Cuts and Jobs Act were made permanent.
Read MoreWhy Is the Federal Deficit High If Unemployment Is Low?
The U.S. is experiencing an unusual and concerning phenomenon — the annual deficit is high even though the unemployment rate is low.
Read MoreHow Much Is the National Debt? What Are the Different Measures Used?
There are three widely used measures of federal debt. What are the important differences between these measurements?
Read MorePoll: Voters Don’t Want New Legislation or Tax Cuts that Increase the National Debt
This year, President Trump and the new Congress face a series of high stakes fiscal policy decisions.
Read MoreNational Debt on Track to Reach Record High in Just Four Years
CBO’s latest projections come at a key time, as lawmakers will be faced with a range of critical fiscal decision points in the coming year. Here are seven takeaways from the report.
Read More76 Options for Reducing the Deficit
The nonpartisan Congressional Budget Office released 76 policy options — spanning both revenues and spending — that could help bring the country’s rising debt under control.
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