Debt and Deficit

The United States has a debt problem—and it threatens not only our long-term fiscal health, but also our future as a competitive and growing nation. Put simply, the federal government has been spending at a faster rate than revenues come in, resulting in large budget deficits and unsustainable levels of debt.

The Chamber is calling for government reforms that will address the looming crisis of unsustainable entitlement programs, keep deficit spending low for the long-term, and rein in our growing debt.

Projects and Programs

Recent Activity

Letters to CongressJun 26, 2019 - 12:00pm

U.S. Chamber Letter on H.R. 3351, the Fiscal Year 2020 Financial Services and General Government Appropriations Act

This letter was sent to the U.S. House of Representatives on H.R. 3351, the Fiscal Year 2020 Financial Services and General Government Appropriations Act.

Above the FoldJun 25, 2019 - 1:30pm
Total deficit or surplus

Right Hand, Left Hand, and the Federal Budget Deficit

Here's an example of how the budget process has collapsed in Washington

Letters to CongressApr 09, 2019 - 1:15pm

U.S. Chamber Letter Opposing H.Res.294

This letter was sent to the U.S. House of Representatives opposing H.Res.294, the rule providing for consideration of H.R. 1644 and H.R. 2021.

Above the FoldJan 18, 2019 - 2:15pm
The U.S. Capitol stands past "Caution" tape in Washington, D.C., U.S., on Thursday, Dec. 20, 2018.

Government Shutdown: Caveat Imperium

The bottom line is, the government’s partial shutdown is putting an unwelcome damper on the economy.

Above the FoldSep 07, 2018 - 9:30am
Social Security checks are printed in Philadelphia, PA.

Entitlement Chastenings

Jobs grew by 201,000 jobs in August, and the unemployment rate remained at 3.9%.

Above the FoldJun 18, 2018 - 9:00am
Hands shaking a piggy bank.

Entitlements: A Slow Motion Crisis

Our government has a responsibility to protect Social Security and Medicare but is currently failing to meet that responsibility.

Above the FoldJun 07, 2018 - 4:15pm

The Social Security and Medicare Trustee’s Annual Not-So-Friendly Reminder

Social Security's combined trust fund is projected to be exhausted in 2034.

Above the FoldJun 01, 2018 - 9:45am
Economy by the Numbers

The Hawks Will Have Their Day – and You’re Not Going to Like It

223,000 jobs were created in May, and the unemployment rate fell to 3.8%.

Letters to CongressMar 22, 2018 - 4:15pm

Key Vote Alert! - H.R. 1625, the "Consolidated Appropriations Act, 2018"

This Key Vote Alert! letter was sent to all members of the U.S. Congress in support of H.R. 1625, the “Consolidated Appropriations Act, 2018.”

Above the FoldMay 25, 2017 - 10:30am
U.S. Capitol Building

It’s Time To Scrap the Debt Limit

The practical effect of the debt limit has been to manufacture a series of distracting and economically dangerous political crises.