America's Long-Term Debt Crisis Is Now a Short-Term Problem
Even in a healthy economy, rising debt and deficits posed challenges. The current crisis has magnified those problems.
Budget Deficit
The Next Stimulus: Infrastructure Week, Another Rural Broadband Boondoggle, and Maybe a Sports Bailout?
It's obvious that there will be more government spending in response to the coronavirus, but distinguishing the essential from the nice-to-have is more important than ever.
Budget Deficit Now Expected To Near $4 Trillion This Year
And more coronavirus stimulus spending could send that number soaring higher.
Are There Fiscal Conservatives in a Pandemic? The Club for Growth Says It Doesn't Matter.
The Club for Growth prides itself on holding lawmakers accountable "by publicizing their voting record." Except, well…not right now.
A Trillion-Dollar Deficit This Year Is Now Officially the Best Case Scenario
The coronavirus is going to crater tax revenues and hike spending. And the Congressional Budget Office says the deficit was going to exceed $1 trillion even before all that.
Coronavirus Is Going To Be Expensive. Too Bad the Government Is Already in Massive Debt.
Having failed to be fiscally responsible when it would have been relatively easier, our elected officials will now likely hike spending even further.
CPAC Promised To Take on Socialism but Couldn't Even Take on Trump's Spending
There was a deficit of debt talk at the conservative conference.
Despite $4.4 Trillion in Spending Cuts, Trump's Budget Won't Balance Until 2035
And whether it balances at all depends on some creative accounting. Meanwhile, it proposes $2 billion in new spending on the border wall.
Trump Has Fully Embraced the Idea That Deficits Don't Matter
The president likes things big, so that apparently applies to government budgets too.
The 2020s Will Be the Decade of Deficit Doomsday
America will have to pay for its spending spree and its wars.
3 New Year's Resolutions the Government Should Adopt
Congress and President Trump should use 2020 to craft more sane policies on trade, immigration, and the budget.
Poll: Federal Budget Deficit Is a Bigger Problem Than Climate Change, Racism, and Terrorism
The problem, as always, is that voters are likely to say they want Congress to balance the budget, but are less likely to back any specific ideas for doing so.
Was 2019 the Year of Peak Entitlement Mentality?
Federal budget deficits continue to grow despite a thriving economy
Bipartisan 'Bucket of Garbage' Budget Bill Contains $50 Billion in Special Interest Tax Breaks
On their own, some of those tax breaks might be defensible. Dumping them into a must-pass budget bill is not.
Congress' Continuing Resolution Is an Opportunity for Reform
Budget negotiations offer lawmakers the opportunity to ditch tax carve-outs and cut spending.
Federal Deficit Hit $984 Billion Last Year—a Nearly 50 Percent Increase Since Trump Took Office
In three years in office, Trump has added more to the national debt than President George W. Bush did in his entire two terms.
The Democratic Debates So Far: Nearly 300 Questions, but None About the National Debt
Will tonight be any different or more of the same?
Joe Walsh Isn't Running on the Issues
The conservative radio host says he is running for president because Trump is “erratic" and "cruel." But Walsh has his own history to live down.
We've Already Blown Past Last Year's Federal Budget Deficit
The $866 billion budget gap so far this fiscal year represents a 27 percent increase over the same period last year.
Democrats Debate To Determine Who Will Spend Us Into Oblivion
The idea that "deficits don't matter" has been growing among Trump-supporting Republicans. Democrats are preparing to take full advantage.
There's No Such Thing as 'Free Money' or Meaningless Deficits
As debt soars, federal payments to service the debt will crowd out the government's core spending responsibilities.
The Senate Will Vote on a $2.7 Trillion Budget Deal That Adds to the National Debt. The Democrats' Debates Ignored It.
CNN doesn't think Americans deserve to hear potential presidents asked about the national debt.
The House Just Passed a Budget Deal That Will Add $1.7 Trillion to the National Debt
Members of Congress are well aware of the looming threat of the $22 trillion (and growing) national debt, but seem incapable of doing anything except making it worse.
Once Again, Uncle Sam Shirks Fiscal Responsibility in Budget Deal
Trump's 2018 commitment that he would never sign a massive spending deal ever again was fake news.
Can the Freedom Caucus Convince Trump to Derail This Awful Budget Deal? If Not, Fiscal Conservatism Is Truly Dead.
The House Freedom Caucus could reverse its trend towards irrelevancy by successfully swaying Trump to turn against the new budget deal.
Possible Budget Deal Will Add $2 Trillion to the National Debt
If President Donald Trump signs the deal into law, he will have authorized a 22 percent increase in federal discretionary spending during his first term in office.
Pelosi Rejects Plan to Cut Spending by Less Than 0.3 Percent
The federal government will spend $57 trillion over the next 10 years and run an $11 trillion deficit. But cutting spending by $150 billion is too much to ask?
Rush Limbaugh Abandons Fiscal Conservatism
The pundit heavily criticized President Obama for excessive spending. Now he says it doesn't matter.
Man, This CBO Report About 'Unprecedented' Debt Levels Is a Bummer
The national debt will hit 140 percent of GDP before the end of the 2040s, and that's the optimistic scenario.
Bipartisan Senate Effort Predictably Kills Rand Paul's Plan to Balance the Federal Budget
Paul's proposal to cut 2 percent from the federal budget for the next five years was predictably opposed by both Democrats and most Republicans
GAO: Current Federal Fiscal Situation Is 'Unsustainable'
America will face "serious economic, security, and social challenges" if the national debt keeps growing at this rate.
February's Budget Deficit Was the Largest in American History
The feds are $234 billion in the red. Looking for hope? Sen. Mike Enzi has some ideas.
National Debt Hits a New Record High: $22 Trillion
A new record, but one that won't stand for long.
When it Comes To Debt, Politicians and Academics Are All Like, 'What, Me Worry?'
From OMB head Mick Mulvaney to former Treasury Secretary Larry Summers, nobody cares about spending money we don't have on things we don't need. Big mistake.
CBO: Budget Deficit Numbers Are Better Than Expected, but We're Still Screwed
Unless we make some big changes, things won't get much better.
Most Americans Want Congress to Fix Budget Crisis, Increase Spending. Huh?
You can't have it both ways.
Paul Ryan Is Kinda Sorry He Was a Total Failure at Balancing the Budget
Ryan presided over three years of growing deficits and laid the groundwork for worse to come.
Trump Isn't Serious About Balancing the Budget
As long as Medicare, Social Security, and the Pentagon can't be touched, it's hard to believe the president has discovered his inner fiscal hawk.
A National Debt 6 Times the Size of the Economy? That's Where America is Heading.
At this rate we'll get there before the end of the century.
Trump Blames Hurricanes for Growing Budget Deficit. Entitlements Are the Real Problem.
Trump blaming the budget deficit on hurricanes is much the same as those on the left who are trying to pin the blame on last year's corporate tax cuts.
'We've Never Had Deficits Like This During Peace and Prosperity Before'
Brian Riedl has a plan to stabilize the national debt at 95 percent of GDP. He says trying it might be political suicide, but the alternative is much worse.
It's Official: 2018 Federal Deficit Largest Since 2012
The federal government spent $790 billion more than it taxed during fiscal year 2018. The deficit is about to get worse. Much worse.
Who Killed the Deficit Hawks? You and Me, but Especially Paul Ryan.
Calls to shrink the size, scope, and spending of government, or even balance its budget, have gone the way of the dodo bird. That's kind of a problem.
#MAGA: Federal Deficit Jumps 32 Percent, Hits $895 Billion for Fiscal 2018!
The economy might be humming but when are we going to have to, you know, pay for the party already?
Trump Remembers Budget Deficit, Announces Federal Pay Freeze
The federal government has run up a deficit of $684 billion this year. The CBO predicts that number will exceed $1 trillion in 2019.
Senate Budget Votes Are a Sign of the Trump Era's Other Legacy
One of the most lasting consequences of the Trump years will be Republicans' complete abdication of fiscal responsibility.
Extending Last Year's Tax Cuts Without Massive Spending Reductions Would Be a Fiscal Disaster
New CBO analysis shows debt could exceed 200 percent (!!!) of GDP by mid-century without changes.