Budgets & Projections
Latest
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CBO Projects Social Security to Be Forever in the Red
In yesterday's Budget and Economic Outlook, CBO shows that Social Security will run deficits each year over the coming decade, depleting $547 billion...
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Sen. Rand Paul Proposes $500B in Annual Spending Cuts
Senator Rand Paul (R-KY) released his plan for cutting federal spending earlier this week in the latest in a wave of Republican spending cut proposals...
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CBO Releases January 2011 Ten-Year Outlook
CBO today released its new budget and economic update, showing higher ten-year deficit and debt projections from 2012 to 2021 than they predicted back...
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CRFB Analysis of CBO’s January 2011 Baseline
CBO now projects the 2011 deficit to reach a record-breaking $1.5 trillion, and increased its deficit projections over the 2011-2020 period by $1.4...
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Doug Elmendorf Reappointed as Director of Congressional Budget Office
Congressional leaders have agreed to reappoint Doug Elmendorf as the director of the Congressional Budget Office. Mr. Elmendorf, who has been the...
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Rep. Bachmann Proposes Spending Cuts
Rep. Michele Bachmann (R-MN) has released her proposal to reign in federal spending, amounting to over $425 billion in cuts annually. Shortly after...
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House Passes Resolution to Set Spending at 2008 Levels
The House of Representatives this afternoon passed a rule directing Rep. Paul Ryan (R-WI), the chairman of the House Budget Committee, to set non...
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What We'd Like to See in the President's Budget
While all eyes (for now) are on the President's State of the Union address tomorrow night, the true test of President Obama's fiscal priorities will...
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Good News, Taxpayers!
Last month, we reported the positive developments that were happening with the major players--GM, Citigroup, and AIG--still left in the Troubled Asset...
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Rep. Wolf Calls for Immediate Bipartisan Action on Debt and Deficit; Pledges Support for Fiscal Commission Report
Speaking today on the House floor, Rep. Frank Wolf (R-VA) gave a speech expressing his growing concern about our national deficit and debt. He also...
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Third Way Introduces New Social Security Reform Plan
Yesterday, the organization Third Way released a plan outlining several Social Security reform proposals meant to ensure the program's solvency over...