Budget Projections
Latest
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Heritage Foundation Releases 2022 Budget Blueprint
The Heritage Foundation recently released their 2022 Budget Blueprint, a list of over 200 specific policy proposals that would “roll back excessive...
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Bipartisan House Group Sends Letter Calling for Budget Reforms
Today, a bipartisan group of 24 members of the House of Representatives sent a letter to House leadership calling for the inclusion of budget process...
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Q&A: Gross Debt Versus Debt Held by the Public
The Q&A has been updated here. On January 31, 2022, the federal government's gross debt exceeded $30 trillion for the first time. This mark serves as...
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How Would Higher Interest Rates Affect Interest Payments?
Interest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional Budget Office...
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CBO Estimates a Permanent Build Back Better
The Congressional Budget Office (CBO) today released an estimate of how much it would cost to make most temporary provisions in the House-passed Build...
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Does Build Back Better Cost $1.6 Trillion or $2.4 Trillion?
The Congressional Budget Office (CBO) recently estimated that the House-passed Build Back Better Act will increase outlays by $1.64 trillion over ten...
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Full Estimates of the House Build Back Better Act
UPDATE 12/13: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...
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Updated Budget Projections Show Record Debt by 2031
New estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track to...
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Five Ways to Improve the FY 2022 Reconciliation Package
Congress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden has made the...
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Better Targeting in Reconciliation
As lawmakers negotiate the details of their reconciliation package, they will need to scale back some of their ambitions to prevent arbitrary policy...
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It’s Time to Wind Down the Student Loan Moratorium
The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...
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The Budgetary Implications of the Senate Budget Resolution
The recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1...