The Tax Bill Did Not Cause Revenue to Rise
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is...
FY 2018 Budget
Maya MacGuineas: Massive Deficit Was Totally Predictable & Self-Imposed
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 ...
Are Defense and Disasters Causing the Deficit Increase?
When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of...
Treasury: 2018 Deficit was $779 Billion
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113...
FY 2018 Deficit Was $779 Billion
For Immediate Release
The Treasury Department today released a report showing the official fiscal year 2018 deficit was $779 billion, an increase of...
CBO Shows $782 Billion Deficit for FY 2018
Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
Q&A: Everything You Should Know About Government Shutdowns
The fiscal year began on September 30, has only passed 5 of 12 appropriations bills setting spending levels. If lawmakers do not pass legislation to...
No, Really, Tax Revenue Has Not Risen
Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department.
At the...
Does the Rescissions Bill Cut $15 Billion in Spending?
The President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others. The...
What's in the President's Rescission Request?
Update: CBO released an estimate of the effect of the CHIP rescission on outlays and coverage. CBO estimates that the proposed rescission would not...