News
Inflation Spikes to Highest in Nearly Two Years | Committee for a Responsible Federal Budget
6+ hour, 48+ min ago (170+ words) Inflation Spikes to Highest in Nearly Two Years-2026-04-10 Committee for a Responsible Federal Budget The Consumer Price Index (CPI) increased a massive 0. 9% in March, driven largely by rising energy prices, and is up 3. 3% over the past year " putting CPI inflation…...
CBO Estimates $1 Trillion Deficit for First Five Months of FY 2026 | Committee for a Responsible Federal Budget
1+ mon, 1+ day ago (243+ words) CBO Estimates $1 Trillion Deficit for First Five Months of FY 2026 2026-03-09 The United States borrowed $1. 0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest CBO Estimates $1 Trillion Deficit for First Five Months…...
12-Month Rolling Deficit is $1. 6 Trillion in February 2026 | Committee for a Responsible Federal Budget
1+ mon, 1+ day ago (205+ words) 2026-03-09-The federal government borrowed $1. 6 trillion over the past year " March 2025 to February 2026 " based on estimates from the Congressional Budget Office (CBO)." The February 2026 deficit totaled $308 billion, which is $1 billion more than the deficit in February 2025. Adjusting for timing shifts " payments…...
Unilateral Executive Tax Cuts Could Add Hundreds of Billions to Debt | Committee for a Responsible Federal Budget
3+ week, 3+ day ago (262+ words) The Trump Administration is reportedly considering an executive action " at the urging of lawmakers in both the House and Senate " to reduce capital gains taxes by allowing the basis to be indexed to inflation. This proposal comes in addition to…...
Gross National Debt Reaches $39 Trillion | Committee for a Responsible Federal Budget
3+ week, 2+ day ago (205+ words) The gross national debt of the United States reached $39 trillion yesterday, according to the U. S. Treasury. The gross debt reached its previous milestone of $38 trillion in October of last year. Meanwhile, debt held by the public " the measure of debt preferred…...
OBBBA Dynamic Score Comes In at $4. 7 Trillion | Committee for a Responsible Federal Budget
4+ week, 2+ day ago (308+ words) CBO projects OBBBA will boost both output and interest rates. In the near-term, CBO attributes much of the improvement in GDP to higher demand for goods and services, as lower taxes and higher spending lead to a temporary boost in…...
Break Glass: A Plan for the Next Economic Shock | Committee for a Responsible Federal Budget
1+ mon, 12+ hour ago (1368+ words) The U. S. has never experienced an economic shock as indebted as we are today. Recessions and other economic shocks are inevitable. Although the timing and particulars of the next downturn or emergency are hard to anticipate, one can predict with certainty…...
In Case of Emergency, Break Glass: A Plan for the Next Economic Shock | Committee for a Responsible Federal Budget
1+ mon, 4+ day ago (1368+ words) The U. S. has never experienced an economic shock as indebted as we are today. Recessions and other economic shocks are inevitable. Although the timing and particulars of the next downturn or emergency are hard to anticipate, one can predict with certainty…...
CBO's New Projections Show $1 Trillion Less in Tariff Savings | Committee for a Responsible Federal Budget
4+ mon, 2+ week ago (585+ words) 2025-11-25-Updated projections from the Congressional Budget Office (CBO) show that tariffs enacted this year will reduce debt (including interest) by $3. 0 CBO's New Projections Show $1 Trillion Less in Tariff Savings Updated projections from the Congressional Budget Office (CBO) show that tariffs…...
Debt Rises to 175% of GDP Under CBO's Long-Term Outlook | Committee for a Responsible Federal Budget
1+ mon, 1+ week ago (346+ words) Under its extended February baseline, CBO estimates that debt held by the public will rise from about 99% of GDP at the end of Fiscal Year (FY) 2025 to a record 108% of GDP in 2030, 129% of GDP in 2040, and 175% of GDP by 2056. Debt…...