Budget Projections
Latest
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What Will the Budget Look Like in 2020?
In our Analysis of the President's FY 2011 Budget, we discussed that, if the President's proposals were enacted, spending would grow to $5.7 trillion...
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Monthly Budget Review Reports $434 billion deficit in FY 2010 Thus Far
The Congressional Budget Office came out with their Monthly Budget Review yesterday. It states that the federal government incurred a deficit of $434...
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House Rules Stack the Deck for Debt Ceiling Increase
The stakes are high and the House is raising the limit and calling the shots. No, we’re not talking Vegas – the casinos wish they were dealing with...
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President Releases $3.8 Trillion Budget
President Obama released a Fiscal 2011 budget request today that would spend some $3.834 trillion next year and projects a deficit of $1.267 trillion...
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Budget Commission Falls Short
A proposal to form a bipartisan commission to address the nation’s mounting long-term debt just fell short of the 60 votes needed for approval in the...
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Deficit Falls Slightly, Debt Will Continue to Soar, CBO Warns
The federal deficit in FY10 is expected to be $1.35 billion--a slight drop from the $1.41 trillion in FY09--but still the second largest in our nation...
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The Cost of Continuing "Current Policy"
Today, we released our Analysis of CBO’s January 2010 Baseline, which discusses the new CBO baseline in detail, including the new deficit and debt...
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Two Major Reports Target Debt Reduction
In the past two days, at least two new voices have joined a growing chorus of organizations warning that our federal debt is growing at an...
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CBO Monthly Budget Review Shows Record December Deficit
The government ran record deficits of $390 billion in the first quarter of FY2010, according to the CBO’s Monthly Budget Review. Even last year, with...
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How Much Will Health Reform Cost?
UPDATE: CMS released its estimates of the final Senate bill on Friday. The short answer is that it depends who you ask. Today, the RAND Corporation...
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Senate Health Care Bill Released (And a Comparison Chart)
UPDATE: CBO mistakenly overestimated the deficit-reducing effect of the Medicare Commission in their score. As a result, they now estimate deficit...
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Release of 'Red Ink Rising'
Warning that the out-of-control federal debt places the economic future of our nation at risk, the Peterson-Pew Commission on Budget Reform this...