Budgets & Projections
Latest
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New RECA Bill Would Worsen the Debt
Read moreThe Senate is expected to vote this week on a bill ( S.3853) to dramatically expand the Radiation Exposure Compensation Act (RECA) created to...
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The State of the Union Deserves Less Theater, More Solutions
Read morePresident Biden will give his State of the Union Address to a joint session of Congress tomorrow night. This annual address offers the President the...
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CBO Baseline Highlights Troubling Long-Term Future
Read moreThe Congressional Budget Office’s (CBO) February 2024 Budget and Economic Outlook projects that the national debt will exceed its record as a share of...
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Bipartisan Support for a Fiscal Commission
Read moreThis week, the American Road & Transportation Builders Association led a coalition letter to leadership asking for a fiscal commission to be included...
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Pell Grants Face a Big Shortfall
Read moreThe Pell Grant program helps low-income students to fund their education by offering them up to $7,395 per year to fund tuition and other expenses...
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84 Percent of Spending Growth Will Come from Health, Social Security, and Interest
Read moreBudget deficits are projected to grow from $1.7 trillion in Fiscal Year (FY) 2023 to $2.6 trillion by 2034 according to the Congressional Budget...
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Maya MacGuineas Discusses CBO Projections on C-SPAN
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to discuss new projections from the...
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What Would It Take To Fix the Debt?
Read moreIt would take about $8 trillion of ten-year savings to stabilize debt as a share of the economy and about $15 trillion to balance the budget under the...
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Treasury: $532 Billion Deficit in First 4 Months of Fiscal Year
Read moreThe United States borrowed $532 billion in the first four months of fiscal year 2024, including $22 billion in January, according to the latest...
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Interest Costs Will Leapfrog Medicare and Defense This Year
Read moreInterest on the debt is the fastest growing part of the budget. Net interest payments will exceed both defense and Medicare spending this year, in...
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The Deficit Was $1.8 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.8 trillion over the past 12 months, up $70 billion from Fiscal Year (FY) 2023, or 4.2 percent. The 12-month...
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CBO Projects Debt to Exceed Record in 4 Years
Read moreThe Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will eclipse its record...