Budget Projections

The nation’s fiscal and economic outlook has deteriorated substantially since the last Congressional Budget Office (CBO) baseline in May, when CBO...

The US Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2022, showing a $1.4 trillion deficit for the...

With inflation surging and debt approaching record levels, policymakers might make the fiscal situation even worse in an end-of-the-year fiscal...

Yesterday, the Congressional Budget Office (CBO) released its estimate of the President's Fiscal Year (FY) 2023 budget. CBO finds that debt and...

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...

Note: This analysis has been updated to reflect President Biden’s announced cancellation plan . You can read the original version here. President...

Recently, we estimated the original Inflation Reduction Act (IRA) would reduce deficits by roughly $1.5 trillion over two decades, or nearly $2...

The Inflation Reduction Act (IRA) would reduce budget deficits by over $300 billion in its first nine years, but much of the savings would take time...

The Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...

The Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...

According to the Congressional Budget Office's (CBO) latest baseline, the federal government will spend $400 billion on interest payments on the...

Note: This analysis has been updated from the original version to reflect new estimates of how long it would take for the amount of student debt owed...