Budgets & Projections
Latest
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Tom Tauke: Neither Joe Biden nor Donald Trump seems willing to address the national debt
Read moreTom Tauke is a director at the Committee for a Responsible Federal Budget and former congressman from Iowa. He recently wrote an opinion piece in the...
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Maya MacGuineas: The Galling Mistake That Led The US To Its Current Debt Problem
Read moreMaya 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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12-Month Deficit Decreases to $1.6 Trillion in June 2024
Read moreThe federal budget deficits totaled $1.6 trillion over the past 12 months, including the $73 billion June deficit released today by the Congressional...
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Tentative Senate Appropriations Deal Would Undermine Bipartisan Deficit Reduction
Read moreAccording to press reports , Senate Appropriations Chair Patty Murray (D-WA) and Vice Chair Susan Collins (R-ME) have reached a tentative deal to...
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Maya MacGuineas Discussing New Debt Analysis on Bloomberg "Surveillance"
Read moreCommittee for a Responsible Federal Budget president Maya MacGuineas joined Bloomberg Television's "Surveillance" with hosts Jonathan Ferro, Lisa...
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Trump and Biden: The National Debt
Read moreThe national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by...
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Government Spending Just Keeps on Growing
Read moreThe latest Congressional Budget Office (CBO) baseline shows that federal spending this year will be the largest it’s ever been outside a crisis – far...
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CBO Releases June 2024 Baseline Update
Read moreThe Congressional Budget Office (CBO) today released new ten-year budget and economic projections – an update from its February baseline – again...
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Record Interest Next Year, Record Debt Projected in Just 3 Years
Read moreThe Congressional Budget Office (CBO) released its Update to the Budget and Economic Outlook today, projecting that the national debt will set a new...
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CBO Estimates $1.2 Trillion Deficit for First Eight Months of Fiscal Year
Read moreThe United States borrowed $1.2 trillion in the first eight months of fiscal year 2024, including $348 billion in May, according to the latest Monthly...
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Deficit Totaled $1.7 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.7 trillion over the past 12 months, incorporating the $348 billion May deficit estimated by the Congressional...
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Debt Surges With Extensions
Read moreBased on new estimates from the Congressional Budget Office (CBO), debt could reach 132 percent of Gross Domestic Product (GDP) by Fiscal Year (FY)...