Committee for a Responsible Federal Budget

Debt & Deficits

Maya MacGuineas

Maya MacGuineas: $20 Trillion in National Debt Is a Big Deal

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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Why Did Debt Jump $318 Billion in One Day?

On September 8, 2017, gross U.S. debt increased almost $318 billion after President Trump signed legislation temporarily suspending the debt limit as...
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Q&A: Gross Debt Versus Debt Held by the Public

On September 8, the federal government's gross debt exceeded $20 trillion for the first time. This mark serves as an important reminder of the nation...

Marc Goldwein: National Debt: Yes, Rising Annual Deficits Threaten the U.S. Economy

Marc Goldwein is the senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote a column...
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Q&A: Everything You Should Know About the Debt Ceiling

One issue that must be addressed this month is the federal debt ceiling, which was reinstated on March 16, 2017 as the debt approached...
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The Fed's Effect on Deficits and Debt

As monetary policy watchers descend upon Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s annual economic policy symposium, we...
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A Mini-Bargain to Improve the Budget

The national debt is currently at its highest share of the economy since just after World War II and is set to rise rapidly. Fixing our unsustainable...
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$200 Billion in Mandatory Savings Should Not Be Too Difficult

One of the debates preceding the House Budget resolution was whether the resolution should call for $200 billion of mandatory savings. This week's...
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Did the Trade Deficit Cause $20 Trillion in Debt?

In a meeting with South Korean President Moon Jae-in, President Trump suggested that the national debt is caused by years of trade deficits. However...
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Highlights from CBO's June Baseline Update

Today, the Congressional Budget Office (CBO) released updated ten-year budgetary baseline and economic projections. Like its previous projection in...

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