Budget Projections
Latest
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Spending Cuts in the President's FY 2025 Budget
The President's Fiscal Year (FY) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and...
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Analysis of CBO's March 2024 Long-Term Budget Outlook
The Congressional Budget Office (CBO) released its March 2024 Long-Term Budget Outlook today that projects the nation’s fiscal and economic future...
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CBO Releases March 2024 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its March 2024 Long-Term Budget Outlook that projects the nation's fiscal and economic future over...
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Comparing Spending Levels in the President’s 2025 Budget
President Biden proposes spending nearly $7.3 trillion in Fiscal Year (FY) 2025, or 24.8 percent of Gross Domestic Product (GDP), under his latest...
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An Overview of the President's FY 2025 Budget
The Biden Administration just released its Fiscal Year (FY) 2025 budget proposal, outlining some of the President's tax and spending priorities for...
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Analysis of the President's FY 2025 Budget
The White House released its Fiscal Year (FY) 2025 budget proposal today, outlining President Biden’s tax and spending priorities for the next decade...
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Fact-Checking the 2024 State of the Union
In last night's State of the Union Address, President Biden made a number of claims related to the budget deficit. We've fact-checked three of those...
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CBO Baseline Highlights Troubling Long-Term Future
The Congressional Budget Office’s (CBO) February 2024 Budget and Economic Outlook projects that the national debt will exceed its record as a share of...
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Measuring the Savings from Preventative Health Care
This month, the House Budget Committee passed a bill that would direct the Congressional Budget Office (CBO) to evaluate the long-term budget impacts...
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Fiscal Commission Act: Just the FAQs
The House Budget Committee recently reported the Fiscal Commission Act (FCA), sponsored by Reps. Bill Huizenga (R-MI) and Scott Peters (D-CA) on a...
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What Would It Take To Fix the Debt?
It would take about $8 trillion of ten-year savings to stabilize debt as a share of the economy and about $15 trillion to balance the budget under the...
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CBO Releases February 2024 Budget and Economic Outlook
The Congressional Budget Office (CBO) just released its February 2024 Budget and Economic Outlook, its first full ten-year baseline and economic...