Budget Projections
Latest
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The FY 2010 Deficit
Treasury and OMB released the final deficit number for FY 2010 on Friday: $1.294 trillion. While $120 billion lower than last year's deficit, it still...
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CBO Says 2010 Deficit Slightly under $1.3 Trillion
CBO, in its most recent Monthly Budget Review, estimated that the FY 2010 budget deficit (the fiscal year that ended at the end of September) was just...
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CBO Finds Tax Cuts Are Bad for the Economy
In testimony before the Senate Budget Committee last week, CBO Director Douglas Elmendorf quantified the impacts that extending some or all of the...
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What Would It Look Like If the U.S. Adopted Britain's New Budget?
The remarkable level of austerity proposed in Britain’s new emergency budget made news around the world (see our earlier blog for details) as, in the...
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Putting the Tax Cuts in Perspective
With Congress back in session, the mid-term election right around the corner, and a looming expiration, the debate of the 2001-2003 tax cuts is...
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Disability Insurance Program Seeing Increased Applicants... and Increased Trouble
The Washington Post reported Tuesday that the number of workers seeking disability benefits from Social Security’s Disability Insurance Program has...
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It Depends on What you Mean by 'Equal'
A small controversy has been brewing in the blogosphere over the relative value of the higher-income 2001/2003 tax cuts and the Social Security...
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CRFB Releases Its Realistic Baselines
Today, CRFB released a new policy paper showing a more probable fiscal outlook over the coming decade than what baseline budget projections would...
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Current Policy Extensions and Growth
If lawmakers extended various current policies, as opposed to letting them expire as they are set to under current law, what would happen to economic...
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Economic Projections in CBO's Budget Update
Since economic assumptions have such a big effect on fiscal projections, we have compared their new assumptions in the Updated Budget and Economic...
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CBO Releases Update on Budget and Economic Outlook
Today, CBO released an update to its economic and budget projections for the coming decade, originally reached in February and March. Under its...
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Bending the Aging Curve
We've spoken a lot about Social Security reform the last few days, in the context of solvency, sustainability, and direct effects on the budget. But...