Budgets & Projections
Latest
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Maya MacGuineas Discusses CBO Projections on C-SPAN
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to discuss new projections from the...
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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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Treasury: $532 Billion Deficit in First 4 Months of Fiscal Year
The United States borrowed $532 billion in the first four months of fiscal year 2024, including $22 billion in January, according to the latest...
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Interest Costs Will Leapfrog Medicare and Defense This Year
Interest on the debt is the fastest growing part of the budget. Net interest payments will exceed both defense and Medicare spending this year, in...
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The Deficit Was $1.8 Trillion Over the Past Year
The federal budget deficit totaled $1.8 trillion over the past 12 months, up $70 billion from Fiscal Year (FY) 2023, or 4.2 percent. The 12-month...
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CBO Projects Debt to Exceed Record in 4 Years
The Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will eclipse its record...
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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...
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CBO's February 2024 Budget and Economic Outlook
The Congressional Budget Office released its February 2024 Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over...
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Chartbook: From Riches to Rags: Causes of Fiscal Deterioration Since 2001
On January 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on our...
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Employee Retention Credit Faces 7X Cost Overrun
The pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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The Deficit Hit $1.8 Trillion in Calendar Year 2023
The federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
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Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
The Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,...