The National Debt Is Rising Unsustainably
Here are six key takeaways from CBO’s latest Long-Term Budget Outlook projections.
Read More“Even Under Optimistic Economic Scenarios, Debt Will Soon Reach Levels Well Above Historical Experience,” Economist Warns
Karen Dynan explores the implications of the federal debt burden and the degree of change required to stabilize the national debt.
Read More10 Charts That Show How the United States Failed to Improve Its Fiscal Outlook in 2023
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
Read MoreAmerica’s Underlying Deficit Doubled in Fiscal Year 2023
In FY23 the federal government officially incurred a budget deficit of $1.7 trillion — about $320 billion higher than last year’s amount.
Read MoreWith U.S. Interest Costs Skyrocketing, Voters Overwhelmingly Call for Fiscal Commission
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
Read MoreWhy History Shows the U.S. Will Not Grow Out of Its Debt
Given current projections for large primary deficits, demographic trends, and Federal Reserve policy focusing on controlling inflation, the United States should not be expected to grow out of its debt.
Read MorePoll: Strong Bipartisan Majority of Voters Call for Fiscal Commission
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
Read MoreVoters Don’t Want a Shutdown, They Want Action on the National Debt Instead
A new poll shows that nine-in-ten Americans want policymakers to work together to avoid a shutdown and focus on implementing solutions to our growing national debt.
Read MoreWhy Is the U.S. Fiscal Outlook More Daunting Now than After World War II?
Two major factors explain the difference in the fiscal outlook now: expectations of lower economic growth and the underlying structural imbalance in the federal budget.
Read MoreThe 2023 Deficit Is Projected To Total $1.5 Trillion. Here’s Why It Could Be Even Higher
For 2023, the Congressional Budget Office (CBO) estimated in May that the federal budget deficit will total $1.5 trillion.
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