Tax Policy Center

federal deficit

Federal Budget and Economy: TaxVox
House Republicans say they want to balance the federal budget in 10 years by cutting spending only, and seem to have received a promise from...
January 17, 2023Howard Gleckman
Federal Budget and Economy: TaxVox
The federal government may once again have an opportunity to learn a painful lesson about the price of increasing debt and rising interest rates in...
May 26, 2022Howard Gleckman
Federal Budget and Economy: TaxVox
When Congress increases spending and cuts taxes then fails to extend the nation’s debt limit, it effectively orders the president to run deficits while prohibiting...
September 29, 2021C. Eugene Steuerle
Federal Budget and Economy: TaxVox
As Republicans and Democrats joined hands to provide the most recent of what might be several stages of relief from our national pandemic crisis, almost...
April 13, 2020C. Eugene Steuerle
: TaxVox
The Congressional Budget Office just projected a series of $1 trillion budget deficits—as far as the eye can see. Narrowing that deficit will require not...
January 30, 2020William G. Gale
Federal Budget and Economy: TaxVox
CBO Predicts Historic Levels of Debt By Mid-Century If the US continues today’s patterns of taxes and spending, the national debt will almost triple as...
June 25, 2019Howard Gleckman
Federal Budget and Economy: TaxVox
A few years ago, the Internet went wild over a photograph of a dress. Was it blue and black, or white and gold? Many people...
April 4, 2019William G. Gale
: TaxVox
While policy makers and news headlines focus on debates about health care and tax policy, the U.S. fiscal outlook remains troubling and is a constraint...
August 4, 2017William G. Gale
Federal Budget and Economy: TaxVox
Sometime within the next few days, Congress will pass, with great fanfare, what it proudly calls a $305 billion, five-year transportation bill . But while the measure will authorize much needed infrastructure spending, it won’t pay for much of it. More than one-third of the $305 billion would
December 3, 2015Howard Gleckman
Individual Taxes: TaxVox
Is the Federal Reserve part of the government? You might think so, but you wouldn’t know it from the way we talk about America’s debt...
July 15, 2013Donald Marron