Budgets & Projections
Latest
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Broad, Bipartisan Support for a 3% Deficit Target
Read moreUpdated February 20, 2026, to reflect additional support. Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA), co-chairs of the Bipartisan...
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CRFB Reacts to Supreme Court Tariff Ruling
Read moreThe Supreme Court has upheld lower court decisions in striking down a wide swath of President Trump’s tariffs on grounds that he exceeded his legal...
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Debt Could Reach 131% of GDP Under an Alternative Scenario
Read moreUnder the Congressional Budget Office's (CBO) new February 2026 baseline, deficits will total $26 trillion – about 6.1% of Gross Domestic Product (GDP...
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Chartbook: The February 2026 CBO Baseline: What It Says (and What It Means)
Read moreOn February 18, 2026, Chris Towner, policy director of the Committee for a Responsible Federal Budget, gave a presentation on the February 2026...
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90% of Spending Growth Will Come From Health, Retirement, Veterans, & Interest
Read moreOver the coming decade, the vast majority of growth in federal government spending will come from just four parts of the federal budget: Social...
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CBO Projects Debt Will Reach New Record in 2030
Read moreThe Congressional Budget Office (CBO) released its Budget and Economic Outlook today. CBO projects that debt held by the public will surpass its...
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CBO Releases February 2026 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its February 2026 Budget and Economic Outlook, its first full ten-year baseline and economic...
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CBO’s February 2026 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its February 2026 Budget and Economic Outlook today, updating its January 2025 baseline to account for...
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Resolution to Overturn CAMT Guidance Would Reduce Deficits
Read moreThe Senate is expected to vote today on a Congressional Review Act (CRA) resolution to overturn Treasury Department guidance that erodes some of the...
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12-Month Rolling Deficit is $1.6 Trillion in January 2026
Read moreThe federal government has borrowed $1.6 trillion over the past 12 months based on the latest estimates from the Congressional Budget Office (CBO)...
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Blue Dogs Endorse 3% Resolution
Read moreOn February 5, the Blue Dog Coalition endorsed a recently introduced resolution that supports a 3% deficit-to-Gross Domestic Product (GDP) target. The...
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CBO Estimates $696 Billion Deficit for First Four Months of FY 2026
Read moreThe United States borrowed $696 billion in the first four months of Fiscal Year (FY) 2026, including $94 billion in January, according to the latest...