Budget Projections
Latest
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Discussing the Uncertainty of Long-Term Budget Projections
An old saying goes, "Nothing is certain but death and taxes." But in budget projections, neither of those things -- mortality rates nor revenue levels...
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Why the 40-Year Average is a Poor Benchmark
In response to Howard Gleckman's piece on the FY 2014 deficit where he noted that the budget had returned to "normal," Donald Marron wrote that the...
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Falling Deficit is Not a Sign of Fiscal Sustainability
With the Congressional Budget Office's (CBO) year-end Monthly Budget Review having been released, we published a report today showing what the 2014...
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What Happened to Interest Rates?
One of the biggest stories in CBO's August budget update was the huge downward revision to expected spending on interest to service the debt, down by...
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CFR: U.S. Falling Behind Other Advanced Countries on Debt
The Council on Foreign Relations has released a new report and scorecard comparing the United States federal debt situation to other G-7 countries...
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Separating "Current Law" from A "Do Nothing" Baseline
CBO’s baseline budget projections are often referred to as “current law” since they generally assume Congress continues the laws as they are written...
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The $1.8 Trillion Drop in Revenue Projections
With the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it...
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How Alternative Policies Could Affect the Budget
CBO's latest budget projections, while a slight improvement, are not good news for the country's fiscal future. Debt is higher than at any time in our...
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CRFB Analyzes CBO’s Updated Budget and Economic Forecast
Moments ago, CRFB published a new 6-page paper summarizing CBO’s latest Budget and Economic Outlook. Under its current law baseline, CBO estimates...
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Newest Budget Projections Show Gloomy Fiscal Picture
The Congressional Budget Office (CBO) just released its August baseline, updating budget projections from April and economic projections from February...
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Is the 2014 Budget Meeting Expectations?
The Congressional Budget Office (CBO) is set to update its budget and economic projections tomorrow, laying out the fiscal picture for the next ten...
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How to Get a Balanced Budget in Ten Years
In a New York Times article describing Republican plans if they re-take Congress next year, reporter Carl Hulse cited CRFB, saying that "balancing the...