Budgets & Projections
Latest
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Trust Fund Solvency Could Stabilize the Debt
Restoring solvency to the major trust funds could stabilize debt as a share of the economy, albeit at a very high level. We estimate that when dynamic...
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Breaking Down the Proposals in the President's FY 2025 Budget
The Biden Administration recently released the President's Fiscal Year (FY) 2025 budget, outlining President Biden's tax and spending priorities for...
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Treasury: $1.1 Trillion Deficit in First Half of Fiscal Year
The United States borrowed $1.1 trillion in the first six months of fiscal year 2024, including $236 billion in March, according to the latest Monthly...
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Deficit Was $1.7 Trillion Over Past Year
The federal budget deficit totaled $1.7 trillion over the past 12 months, down $142 billion from the 12-month period ending in February and down $37...
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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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Maya MacGuineas on CNBC's "Squawk Box"
Committee for a Responsible Federal Budget president Maya MacGuineas recently joined CNBC's "Squawk Box" to discuss findings from the Congressional...
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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 Presents Grim Long-Term Fiscal Outlook
The Congressional Budget Office released its latest Long-Term Budget Outlook today, projecting the nation’s finances over the next 30 years. CBO...
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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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Tax Extensions Wipe Away the President’s Budget Savings
The President’s Fiscal Year (FY) 2025 budget proposal calls for $3.3 trillion of net deficit reduction through 2034. However, these savings could...
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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...