Debt & Deficits

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Our Top Fiscal Charts of 2018

The year 2018 was a busy time for budget policy, which gave us plenty of opportunities for analysis via tables and graphs. We published over 250...
Maya MacGuineas

Maya MacGuineas's Testimony on the Perils of Ignoring Debt

On December 20, 2018, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the House Financial Services Committee on...
Maya MacGuineas

Maya MacGuineas Testifies Before House Financial Services Committee

CRFB president Maya MacGuineas testified before the House Financial Services Committee on Thursday, December 20. The hearing, entitled "The Peril of...
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The Deficit Has Never Been This High When the Economy Was This Strong

This year, the budget deficit is projected to total about $970 billion – 4.6 percent of GDP – up from $666 billion (3.5 percent of GDP) in...
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How Much Does the Government Really Owe?

When analyzing the fiscal health of the country, we often focus on federal government debt held by the public. Data published by USAFacts allows us...
Maya MacGuineas

Maya MacGuineas: Massive Deficit Was Totally Predictable & Self-Imposed

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...
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Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength

With last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
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Are Defense and Disasters Causing the Deficit Increase?

When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of...
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Treasury: 2018 Deficit was $779 Billion

The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113...
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CBO Shows $782 Billion Deficit for FY 2018

Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...

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