Budgets & Projections
Latest
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CBO Projects Record Debt, After Short Reprieve
For Immediate Release The Congressional Budget Office (CBO) released its Budget and Economic Outlook today. CBO projects high rates of inflation will...
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CBO Releases May 2022 Budget and Economic Outlook
The Congressional Budget Office (CBO) just released its May 2022 Budget and Economic Outlook, its first baseline since July 2021. Under CBO's new...
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Milken Institute Hosts Panel on the National Debt's Impact on the Economy
On Tuesday, May 3, the Milken Institute hosted a panel discussion entitled “ The Road Ahead: The Impact of the National Debt on America’s Economy” as...
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CBO Analyzes the Economic Effects of Waiting to Fix the Debt
Waiting to address our high and rising national debt has substantial adverse consequences. High debt slows income growth, increases interest payments...
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Large April Surplus Won’t Erase Massive Deficits
Thanks to record-high tax payments, the federal government enjoyed a $ 308 billion surplus in April of 2022, according to the latest Monthly Budget...
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Biden Administration Should Do More Before Taking Credit for Fiscal Responsibility
President Biden gave a speech this morning touting his Administration’s deficit reduction and fiscal responsibility. The following is a statement from...
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President's Budget Would Add More to Debt With Policy Extensions
Last month, the Biden Administration released its Fiscal Year (FY) 2023 budget proposal that includes many policy changes that would reduce deficits...
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CBO Reports $667 Billion Deficit for First 6 Months of Fiscal Year
The United States borrowed $ 667 billion in the first six months of fiscal year 2022, with a $ 191 billion deficit in March, according to the latest...
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No, President Biden Has Not Implemented Historic Deficit Reduction
While President Biden’s Fiscal Year (FY) 2023 budget calls for $1.05 trillion of welcomed deficit reduction, the Administration has largely been...
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What Would the President's Budget Look Like With Build Back Better?
The President's Fiscal Year (FY) 2023 budget proposal released last week omits details on the core of the President's agenda, the Build Back Better...
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Breaking Down the Proposals in the President's FY 2023 Budget
Last week, the Biden Administration released its Fiscal Year (FY) 2023 budget proposal, outlining some of President Biden's tax and spending...
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7 Takeaways from the President's FY 2023 Budget
President Biden released his Fiscal Year (FY) 2023 budget request this week, and there is a lot to unpack (see our full analysis). Below are seven key...