Budgets & Projections
Latest
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Webinar & Chartbook: Projecting COVID's Fiscal Impact
The United States is currently experiencing one of its sharpest economic crises in modern history as a result of the global COVID-19 pandemic and...
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Updated Budget Projections Show Fiscal Toll of COVID-19 Pandemic
We have updated our ten-year budget projections to incorproate CBO's latest economic forecast, and now project that debt will reach 121 percent of GDP...
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Representative Rouda Introduces Fiscal Responsibility & Long-Term Economic Security Act
While short-term borrowing and large deficits are necessary to fight the COVID-19 public health and economic crisis, policymakers will need to address...
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Senate Considering Debt-Increasing Parks Legislation
This week, the Senate will consider the Great American Outdoors Act. The bill seeks to address the backlog of maintenance on public lands in a way...
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Debunking Debt Myths in the COVID Economy
Federal debt held by the public is slated to grow by roughly $4 trillion in fiscal year 2020 and exceed the size of the economy by year’s end. Much of...
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Maya MacGuineas Joins Fox Business to Discuss Federal Debt Projections
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Mornings with Maria on Fox Business. She joined host Maria...
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Treasury Will Borrow $3 Trillion in Just Three Months
For Immediate Release The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in...
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Maya MacGuineas Joins C-SPAN to Discuss Coronavirus and Federal Debt
Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal. She discussed fiscal measures...
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CBO Updates Budget Projections In Wake of COVID-19
Today, the Congressional Budget Office (CBO) released a blog post outlining its latest projections of near-term federal debt and deficits in the wake...
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Webinar & Chartbook: Unpacking the Next Phase of COVID-19 Relief
The Senate earlier this week passed the Paycheck Protection Program and Health Care Enhancement Act – the fourth piece of legislation aimed at...
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Debt Rises $1 Trillion Over One Month
For Immediate Release The national debt has grown by more than $1 trillion over the past month, from $17.5 trillion on March 17th to $18.5 trillion on...
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Budget Projections: Debt Will Exceed the Size of the Economy This Year
The United States entered the current public health and economic crisis facing high levels of debt and trillion-dollar deficits. Due to the effects of...