Budgets & Projections
Latest
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CBO Releases February 2023 Budget and Economic Outlook
The Congressional Budget Office (CBO) just released its February 2023 Budget and Economic Outlook, its first baseline since May 2022. CBO's new budget...
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Debt On Track to Exceed Records in Just 5 Years
The Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will surpass its record...
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Treasury Confirms $39 Billion Deficit in January
The Treasury Department released its latest Monthly Treasury Statement today, confirming that the United States borrowed $39 billion in the month of...
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CBO Reports $459 Billion Deficit for the First 4 Months of the Fiscal Year
The United States borrowed $459 billion in the first four months of fiscal year 2023, including $38 billion in January, according to the latest...
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Net Interest Payments Topped $475 Billion in FY 2022
One of the main reasons to be concerned about our high and rising national debt is the growing size of interest payments needed to service it. In...
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Marc Goldwein: Here are realistic goals for Congress to get a grip on national debt
Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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Treasury Confirms Calendar Year 2022 Deficit Tops $1.4 Trillion
The Treasury Department released the final Monthly Treasury Statement of calendar year 2022 today, confirming that the United States borrowed $1.4...
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What Would It Take to Balance the Budget?
We have published an updated analysis " What Would It Take to Balance the Budget? An Update" to account for the Congressional Budget Office's latest...
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Chris Towner: Three Charts That Tell America’s Troubling Fiscal Tale
Chris Towner is policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Inside Sources , an excerpt...
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FY 2023 Omnibus Means Over $700 Billion Boost to Baseline Spending
The recently-passed Fiscal Year (FY) 2023 omnibus appropriations package will substantially boost appropriations levels this fiscal year and into the...
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22 Top Fiscal Charts of 2022
2022 was a busy year for fiscal policy, which gave us many opportunities to conduct substantive policy analysis using charts and tables. This year, we...
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Spending is Too High, But At Least Congress Avoids Debt-Fueled Christmas Tree Bill
Lawmakers unveiled an omnibus appropriations bill for Fiscal Year 2023 today. The bill would set discretionary spending at around $1.65 trillion...