Budgets & Projections
Latest
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An Overview of the President's FY 2023 Budget
Moments ago, the Biden Administration unveiled its Fiscal Year (FY) 2023 budget proposal, outlining some of the President’s tax and spending...
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Analysis of the President's FY 2023 Budget
The Biden Administration released its Fiscal Year (FY) 2023 budget proposal today, outlining some of President Biden’s tax and spending priorities...
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President’s Budget Rightly Reduces Deficits, But Not Nearly Enough
President Biden just released his Fiscal Year (FY) 2023 budget, which lays out some of his tax and spending agenda over the next decade, along with a...
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What We Hope to See in the President's FY 2023 Budget
President Biden is slated to release his Fiscal Year (FY) 2023 budget proposal on March 28. The President's budget is meant to provide a roadmap for...
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CBO Reports $475 Billion Deficit for First 5 Months of Fiscal Year
The United States borrowed $475 billion in the first five months of fiscal year 2022, with a $216 billion deficit in February, according to the latest...
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Heritage Foundation Releases 2022 Budget Blueprint
The Heritage Foundation recently released their 2022 Budget Blueprint, a list of over 200 specific policy proposals that would “roll back excessive...
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Did President Biden Reduce the Deficit by $1 Trillion?
In his first State of the Union address, President Joe Biden stated that he would be "the only president ever to cut the deficit by more than one...
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Q&A: Gross Debt Versus Debt Held by the Public
The Q&A has been updated here. On January 31, 2022, the federal government's gross debt exceeded $30 trillion for the first time. This mark serves as...
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FACT SHEET: Are Deficits in Decline?
Last month, the federal government ran a surplus of $119 billion, the first monthly surplus since September 2019. The Fiscal Year 2022 deficit is...
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CBO Reports $259 Billion Deficit for First 4 Months of Fiscal Year
The United States borrowed $259 billion in the first four months of fiscal year 2022, with a $119 billion surplus in January, according to the latest...
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U.S. Borrowed $2.6 Trillion in Calendar Year 2021
The United States borrowed nearly $2.6 trillion in calendar year 2021, including $20 billion in December , according to the latest Monthly Budget...
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Our Top 21 Fiscal Charts of 2021
2021 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year...