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

Above the FoldJun 16, 2021 - 12:15pm

Treasury's ARPA Tax Mandate Limits State Recovery Efforts

U.S. Chamber State & Local Policy Initiative launches map to track American Rescue Plan funds and track litigation stop the ARPA tax mandate

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

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%.

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.

Above the FoldApr 03, 2017 - 9:15am

The State of the U.S. Economy – Past, Present, and Threats to the Future

The relief provided by President Trump's regulatory actions should give businesses the confidence to increase investment.

Above the FoldMar 14, 2017 - 1:00pm

Edging Towards A Cliff: Fiscal Policy and the Debt Limit

After eight years in office, President Obama left the nation a legacy of debt and deficits.