The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from ...

Outside of reconciliation, the budget also includes a net $7.8 trillion of deficit reduction over the next decade that would result in the debt stabilizing at its current level of 99 percent of Gross ...

David Stockman is a board member of the Committee for a Responsible Federal Budget, former director of the Office of Management and Budget, and former US Representative for Michigan.