Budgets & Projections
Latest
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Three-Fifths of This Year's Deficit is Policymakers' Fault
The budget deficit will be almost $900 billion this year according to projections from the Congressional Budget Office (CBO). By our estimates, 60...
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Does the President's Budget Slash Medicare by $845 Billion?
President Trump's Fiscal Year (FY) 2020 budget released Monday has been met with significant criticism, especially from us. But one of the most widely...
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An Overview of the President's FY 2020 Budget
Moments ago, President Trump released his Fiscal Year (FY) 2020 budget proposals, outlining his tax and spending proposals for the next decade. We...
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Analysis of the President’s FY 2020 Budget
The Trump Administration released its Fiscal Year (FY) 2020 budget proposal today, outlining the President’s tax and spending priorities over the next...
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President’s Budget Would Add More than $10 Trillion to the Debt
For Immediate Release: President Donald Trump released a portion of his fiscal year 2020 budget Monday, which proposes a number of tax and spending...
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What We’d Like to See in President Trump’s FY 2020 Budget
Reports suggest the Trump administration will release its FY 2020 budget in two parts, beginning next week. With debt at post-war record highs...
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Annual Deficits Could Hit $2.3 Trillion
Deficits are rising quickly under current law, as the Congressional Budget Office's (CBO) recent budget outlook demonstrates. Under current law, CBO...
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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...