Budgets & Projections
Latest
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Lawmakers Add $380 Billion to the Debt in the Final Hours of 2024
Read moreWith the passage of the Social Security Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt...
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Budget Offsets Bank
Read moreWith the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and
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Options to Raise Tariff Revenue
Read moreNote: The Congressional Budget Office (CBO) has published conventional estimates that a uniform increase in tariffs of 10 percent would reduce...
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Statement on the Passing of John Spratt
Read moreCongressman John Spratt, a former longtime Representative from South Carolina and a member of the Committee for a Responsible Federal Budget, died...
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Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest...
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Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
Read moreHaving passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing...
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12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
Read moreFrom December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO)...
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CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according...
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Options for Reducing the Revenue Loss of TCJA Extension
Read moreExtending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9...
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Reversing Biden Executive Actions Could Save up to $1.4 Trillion
Read moreAs the national debt approaches record levels and interest costs surge , the next Administration and Congress will need to find options to reduce...
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There Are Plenty of Offsets for Tax Cut Extensions
Read moreAs Congress considers extensions of the expiring provisions in the Tax Cuts and Jobs Act (TCJA), lawmakers will need to come up with $3.9 to $4.8...
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Gross National Debt Reaches $36 Trillion
Read moreThe gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the...