Budgets & Projections
Latest
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Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029
The 2017 tax cut and the 2018 spending bill loom large in the latest Congressional Budget Office (CBO) outlook; the two pieces of legislation as...
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Budget Resolution Principles for Fiscal Year 2020
The congressional budget resolution should establish the nation’s priorities, the approach to financing them, and a plan to ensure the nation is on a...
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As Debt Rises, Interest Costs Could Top $1 Trillion
The fastest growing item in the budget over the next decade will be interest on the debt, according to the Congressional Budget Office (CBO). In this...
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These 3 Parts of the Budget Explain 87% of Spending Growth
The Congressional Budget Office's (CBO) latest baseline shows that deficits and debt are rising unsustainably, driven by the failure of revenue to...
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Maya MacGuineas: How to Keep the Government Running When Lawmakers Fail To Do Their Job
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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The Two Factors That Explain the Improvement in the Budget Outlook
This year's Congressional Budget Office (CBO) budget outlook was a slight improvement over last April's, although it still shows a troubling outlook...
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CBO: Debt-to-GDP Will Double in Three Decades
CBO’s latest baseline projected that current law debt will rise rapidly from today’s post-war record-high levels over the next decade. Buried further...
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Analysis of CBO’s January 2019 Budget and Economic Outlook
The Congressional Budget Office (CBO) released its Budget and Economic Outlook today, projecting high and rising deficits and debt over the next...
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CBO Budget Projections Show Bleak Outlook
The Congressional Budget Office (CBO) has released its 2019 budget and economic projections, and the budget outlook is very bleak. CBO's baseline...
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CBO: Debt Still on Unsustainable Path
For Immediate Release The Congressional Budget Office (CBO) released its Budget and Economic Outlook for the next decade this morning, which warned...
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More Borrowing Not a Shutdown Solution
For Immediate Release Recently, several senators have suggested increasing next year’s discretionary spending caps as part of a deal to secure wall...
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CBO: Fixing the Debt Could Increase Average Income by $6,000 Per Person
While some recent commentators have suggested Americans stop worrying about our debt, evidence shows there is a significant upside to addressing our...