New Budget Projections Show Record Deficits and Debt
Now that the American Rescue Plan Act has been signed into law, the federal deficit is on course to exceed $3 trillion this year, with debt reaching...
Debt & Deficits
How High Are Federal Interest Payments?
This year, the federal government will spend $300 billion on interest payments on the national debt.
Analysis of CBO's March 2021 Long-Term Budget Outlook
Today, the Congressional Budget Office (CBO) released its March 2021 Long-Term Budget Outlook, confirming that the federal budget is on an...
New Report Shows Troubling Outcomes for Short-Term-Education Programs
Yesterday, New America published a new
CBO Releases New Long-Term Budget Projections
The Congressional Budget Office (CBO) released a new set of long-term budget projections&n
Analysis of CBO's February 2021 Budget and Economic Outlook
Today, the Congressional Budget Office (CBO) released its February 2021 Budget and Economic Outlook, confirming that, despite improvements as a...
CBO Releases New 10-Year Budget Projections
The Congressional Budget Office (CBO) just released its February 2021 Budget and Economic Outlook
Biden Campaign Plan Offers Menu of Offsets
With Democratic majorities in the House and Senate, President Joe Biden has taken office with a real opportunity to advance new spending
Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping...
Dec 2, 2020 | Blog Paper Press Release
Maya MacGuineas: After the pandemic recovery, we must tackle the national debt
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 ...