Budgets & Projections
Latest
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CBO Releases July 2022 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...
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CBO’s Long-Term Budget Outlook Forecasts Debt In Uncharted Territory
The Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 185 percent of GDP by 2052 under CBO’s...
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CBO Estimates "Chips-Plus" Bill Would Cost $79 billion
The Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...
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Risks and Threats from Deficits and Debt
After two decades of uninterrupted borrowing – including three years in which deficits surpassed 10 percent of the economy – the U.S. national debt is...
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Just How Big Are Federal Interest Payments?
According to the Congressional Budget Office's (CBO) latest baseline, the federal government will spend $400 billion on interest payments on the...
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Reaching Fiscal Goals Under the Latest Baseline
The Congressional Budget Office’s (CBO) latest baseline projects that federal debt held by the public will rise to a record 110 percent of Gross...
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CBO Baseline Shows Troubling Long-Term Outlook
The Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
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92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
According to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...
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CBO Reports $63 Billion Deficit for May
The United States borrowed $423 billion in the first eight months of fiscal year 2022, with a $63 billion deficit in May, according to the latest...
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Maya MacGuineas Joins C-SPAN to Discuss Deficits and the Economic Outlook
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal. She discussed the latest Budget...
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Debt Could Reach 125% of GDP With Irresponsible Actions
The Congressional Budget Office's (CBO) new budget projections find that debt will reach a record 110 percent of Gross Domestic Product (GDP) ($40.2...
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Analysis of CBO's May 2022 Budget and Economic Outlook
Today, the Congressional Budget Office (CBO) released its May 2022 Budget and Economic Outlook, its first baseline in almost a year. CBO’s new...