Budgets & Projections
Latest
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CBO Reports $2.1 Trillion Deficit for First Eight Months of FY 2021
For Immediate Release The United States borrowed nearly $2.1 trillion in the first eight months of fiscal year 2021, according to the latest Monthly...
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Maya MacGuineas: Biden's Budget Reflects His Priorities, but Leaves Debt Unchecked
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Breaking Down the Proposals in the President's FY 2022 Budget
Last week, the Biden Administration released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...
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An Overview of the President’s FY 2022 Budget
Moments ago, President Joe Biden unveiled his Fiscal Year (FY) 2022 budget proposal, outlining his tax and spending proposals and their effects on the...
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President Biden's Full FY 2022 Budget
The Biden Administration today released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...
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President's Budget Does Little to Address High and Rising Debt
For Immediate Release President Biden just released his Fiscal Year (FY) 2022 budget, the first full budget of his presidency, which lays out his tax...
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What We Hope to See in the President's FY 2022 Budget
The White House is slated to release President Biden’s first full budget proposal this Friday. Although the Fiscal Year (FY) 2022 budget request will...
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CBO Releases Budget Projections Under Three Scenarios
Last week, the Congressional Budget Office (CBO) released a letter outlining how enacted legislation and certain amounts of additional spending would...
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RSC Releases Its FY 2022 Budget Proposal
The Republican Study Committee (RSC), a group of over 150 House Republicans, released its annual budget proposal for Fiscal Year (FY) 2022 on...
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What Would it Take to Stabilize the Debt?
Federal debt held by the public is now larger than annual economic output and is on track to reach 113 percent of Gross Domestic Product (GDP) by 2031...
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Interest Payments in the Federal Budget
At a projected cost of over $300 billion this fiscal year, interest payments are a significant part of the federal budget. Net interest is currently...
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Eugene Steuerle: How Existing Budgetary Commitments Could Affect President Biden’s Domestic Policy Goals
The COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local...