Debt & Deficits

CBO's Analysis of the President's FY2011 Budget

In its Analysis of the President's Budget, CBO estimates that the FY 2011 budget proposals would cause public debt levels to rise to 90 percent of...

The 90 percent Debt-to-GDP Threshold and CBO’s New Debt Estimates

On March 5, the Congressional Budget Office (CBO) gave us a preview of its take on the President’s budget proposals for Fiscal Year 2011 (...

Does the President's Budget Increase the Deficit or Reduce It? (The Answer Depends on Your Baseline)

According to Obama Administraton, the President's FY2011 reduces the ten-year deficit by $2.1 trillion; or $1.2 trillion if the savings from the...

Orszag Promises Deficit Reduction Next Year

In a speech given today at New York University, OMB Director Peter Orszag said the Administration intends to cut the deficit in half by the end of...

Record Monthly and Yearly U.S. Deficit

August 18 - According to Bloomberg, last month's budget deficit hit a record $180.7 billion, higher than any month in U.S. history.Spending in July...

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