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The Debt Ceiling Will Be Reinstated on January 1 — Here’s What’s at Stake
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Our charts frame the fiscal outlook of the U.S. government within a broad economic, political, and demographic context.
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Latest Articles
The U.S. Deficit Should Only Be This High During Crises
One of the reasons to restrain debt and maintain a sustainable fiscal outlook is that emergencies arise that may necessitate federal support.
What Is the Disaster Relief Fund?
Climate and weather-related natural disasters are becoming increasingly frequent. In addition to endangering lives, they are economically costly.
What Is Budget Reconciliation?
With narrow majorities in both Houses of Congress, Republicans are expected to make use of the budget reconciliation process to advance key pieces of their agenda.
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The U.S. Deficit Should Only Be This High During Crises
One of the reasons to restrain debt and maintain a sustainable fiscal outlook is that emergencies arise that may necessitate federal support.
What Is the Fiscal Gap?
A newly updated report, prepared by Ernst & Young, reexamines the federal government’s long-term fiscal outlook through the “fiscal gap” measure.
The Lame-Duck Congress and the 116th Congress Have Some Key Fiscal Issues on Their Agenda
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
Coronavirus Executive Actions Highlight Our Broken Budget Process
President Trump signed executive actions related to unemployment insurance, payroll tax relief, student debt, and housing evictions.
How Did the Pandemic Affect the Way We Look at Deficits?
The pandemic caused a severe economic slowdown that reduced tax revenues and generated a set of large legislative responses.
Delaying Fiscal Reform is Costly, Annual Treasury Report Warns
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
Five Key Takeaways from the CBO Budget and Economic Outlook
CBO warns “high and rising debt would have serious negative consequences for the budget and the nation” in its new report.