Budgets & Projections
Latest
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How Will GDP Numbers Affect Debt Outlook?
Read moreRecently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent larger than previously reported and...
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Tax Cuts Need Offsets, Not Baseline Games
Read moreIn 2025, large parts of the 2017 Tax Cuts & Jobs Act (TCJA) are scheduled to expire. Extending the expiring individual and estate tax provisions alone...
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Treasury: $1.9 Trillion Deficit in First 11 Months of Fiscal Year
Read moreThe United States borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, according to the latest...
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CBO Estimates $1.9 Trillion Deficit for First 11 Months of Fiscal Year
Read moreIn the first eleven months of fiscal year 2024, the United States borrowed $1.9 trillion, including $381 billion in August, according to the latest...
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The 12-Month Rolling Deficit Totals $2.1 Trillion in August 2024
Read moreFrom September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office (CBO...
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Interest, Social Security, and Health Responsible for Nearly 90% of Spending Growth
Read moreIn the latest Congressional Budget Office (CBO) baseline, nominal spending is projected to grow from $6.8 trillion in Fiscal Year (FY) 2024 to $10.3...
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Treasury: $1.5 Trillion Deficit in First 10 Months of Fiscal Year
Read moreThe United States borrowed $1.5 trillion in the first ten months of fiscal year 2024, including $244 billion in July, according to the latest Monthly...
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12-Month Rolling Deficit Mostly Unchanged After July 2024
Read moreThe federal budget deficit totaled $1.6 trillion over the 12 months between August of 2023 and July of 2024 based on estimates released today by the...
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CBO Estimates $1.5 Trillion Deficit for First 10 Months of Fiscal Year
Read moreThe United States borrowed $1.5 trillion in the first ten months of fiscal year 2024, including $242 billion in July, according to the latest Monthly...
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CBO's June 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office recently released its June 2024 Update to the Budget and Economic Outlook. This report updates the February 2024...
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Gross National Debt Reaches $35 Trillion
Read moreThe gross national debt of the United States reached $35 trillion last Friday, seven months after the previous milestone reached at the end of last...
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Meeting Fiscal Goals Under CBO’s June 2024 Baseline
Read moreIt would require nearly $10 trillion of deficit reduction to stabilize debt at its current share of the economy over the next decade, according to the...