Committee for a Responsible Federal Budget

Money Moves

Publishes preliminary deficit and interest estimates

At the end of September 2026, the federal government owed the public about $32.4 trillion. Over the same 12 months, the economy produced roughly $32.2 trillion, so the debt was larger than the economy for the first time since 1946.

Updated 5 days ago

Money Moves

Advocates for deficit reduction measures

The federal government ran a $1.992 trillion budget deficit in fiscal year 2026, the Treasury Department confirmed on October 16. It is the third-largest deficit in American history, behind only the two COVID-19 pandemic years, and the largest ever recorded outside a war or recession.

Updated 5 days ago

Force in Play

As of May 2026: Warning proposal would add $5.8 trillion to debt

Trump wants to spend $1.5 trillion on defense in 2027—a jaw-dropping 66% jump from this year's $901 billion. This would be the largest single-year defense increase since the Korean War.

Updated May 19