Explore 60 years of deficits - and the occasional surplus - in an interactive chart.
The 2013 fiscal year revenue and spending data are in, and the U.S. budget deficit is dropping.
Quoth Larry Summers: "just as you burden future generations when you accumulate debt, you also burden future generations when you defer maintenance."
It's as if we took all the good ideas people had to help the economy and reduce the deficit and did the opposite.
Washington's most powerful budget nerds have cut their prediction of our deficits over the next decade by more than $600 billion.
Two new reports show just how much progress America has made--if unwittingly--toward cutting deficits.
If we got education, health care and infrastructure right, a lot of our other economic problems would take care of themselves.
At least, not unless Washington makes them that bad.
For four years, the Center for Budget and Policy Priorities has put out a great chart showing what's driving our deficit (the wars in Afghanistan and Iraq and tax cuts). Here's the final version of that chart, as informative as ever.
A new paper looks at debt tipping points--and argues that the United States could be near one.
Former Virginia governor Jim Gilmore argues that Republicans' focus on austerity and deficit reduction is the wrong message for the moment.
In the 1990s, the problem was the government crowding out the private sector. Today, the problem is the government crowding out itself.
Today, however, White House Press Secretary Jay Carney declared raising the Medicare age off the table. So what happened? A few things, as I understand it.
Pundits are from Mars and economists are from Venus. We help them understand each other.
Here’s a secret: For all the sound and fury, Washington’s actually making real progress on debt.
Markets aren't demanding deficit reduction, and other things that Washington misunderstands about Wall Street.
The U.S. reacted to higher debt levels with even higher deficits. By one measure, that makes us profligate.
Want to see what's behind our fiscal problems? Then you'll want to see this graph.
There's a reason Bill Clinton is on the stage tonight. When he was president, America enjoyed a booming economy and surpluses. Since he left the White House, things haven't been quite as good. Here are the best charts on what's happened.
To keep his budget promises, Mitt Romney would have to cut all programs that aren't Medicare, Social Security or defense by an average of 40 percent in 2016 and 57 percent in 2022. This will never happen.