Budgets & Projections
Latest
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How Much Could Build Back Better Add to the Debt?
Note: This analysis was updated for new data and details on August 11, 2021. See the updated analysis here. While we do not have all the estimates for...
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True Cost of Budget Plan Could Exceed $5 Trillion
The Senate may soon move forward on reconciliation instructions to allow for the enactment of $3.5 trillion in new spending and tax breaks (on top of...
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Fully Paid for Must Mean Fully Paid For
For Immediate Release Senate Budget Committee Democrats have apparently reached an agreement to pursue $3.5 trillion of new spending and tax breaks...
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CBO Reports $173 Billion Deficit for June
For Immediate Release The United States borrowed over $2.2 trillion in the first nine months of fiscal year 2021, including $173 billion in June...
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Analysis of CBO's July 2021 Budget and Economic Outlook
Today, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook, accounting for enactment of the...
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CBO Projects Debt to Reach Record Levels
For Immediate Release The Congressional Budget Office (CBO) released its Updated Budget and Economic Outlook for the next decade, projecting the...
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CBO Releases July 2021 Budget and Economic Outlook
The Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American Rescue Plan and...
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Kerrey and Danforth Sound the Alarm on Long-Term Debt
Former Senators Bob Kerrey (D-NE) and John C. Danforth (R-MO) recently published an op-ed in the Wall Street Journal highlighting the need to address...
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There Are Plenty of Offsets for Infrastructure Package
A bipartisan group of senators has apparently reached agreement on a plan with $579 billion of new infrastructure spending. Meanwhile, President Joe...
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President's Budget Would Add More to Debt With Tax Cut Extensions
President Joe Biden's Fiscal Year (FY) 2022 budget includes many significant changes that would add nearly $1.4 trillion to deficits through FY 2031...
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Congress Should Pass a Budget, Not Deem Huge Spending Increases
For Immediate Release Recent press reports indicate that the House of Representatives may vote on a “deeming resolution” as soon as this week to set...
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How Much Would the President's Budget Extend Medicare Solvency?
The Medicare Hospital Insurance (HI) trust fund is only five years from insolvency according to both the Congressional Budget Office (CBO) and the...