Budget Projections

Based on new estimates from the Congressional Budget Office (CBO), debt could reach 132 percent of Gross Domestic Product (GDP) by Fiscal Year (FY)...

Tim Penny is co-chair and David Minge is a an emeritus board member of the Committee for a Responsible Federal Budget. Both are former representatives...

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...

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...

The Congressional Budget Office (CBO) just released its March 2024 Long-Term Budget Outlook that projects the nation's fiscal and economic future over...

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...

The Biden Administration just released its Fiscal Year (FY) 2025 budget proposal, outlining some of the President's tax and spending priorities for...

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...

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...

This month, the House Budget Committee passed a bill that would direct the Congressional Budget Office (CBO) to evaluate the long-term budget impacts...