Budgets & Projections
Latest
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CBO's February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office released its February 2024 Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over...
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Chartbook: From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreOn January 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on our...
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Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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The Deficit Hit $1.8 Trillion in Calendar Year 2023
Read moreThe federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
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Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,...
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From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreIn 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government...
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How Much Did President Trump Add to the Debt?
Read moreNote: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
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Maya MacGuineas on Bloomberg TV's "Wall Street Week"
Read moreCommittee president Maya MacGuineas recently joined "Wall Street Week" with David Westin to discuss President Joe Biden and Donald Trump's policy...
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Budget Agreement Should Pave Way for Appropriations
Read moreHouse and Senate leadership announced a topline agreement yesterday on appropriations levels for Fiscal Year (FY) 2024. The agreement would maintain...
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Gross National Debt Tops $34 Trillion; Third Milestone in 12 Months
Read moreThe gross national debt of the United States topped $34 trillion Friday after topping $33 trillion in September, the U.S. Treasury confirmed today...
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Top 10 Fiscal Charts of 2023
Read moreFiscal policy was once again at the forefront of congressional debates in 2023, giving us many opportunities to write about and illustrate the...
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Lawmakers Are Mulling Up to $2.3 Trillion in Borrowing
Read moreSo far, this year, lawmakers have enacted $1.3 trillion of ten-year debt reduction (see our debt thermometer) – the most since 2011. But policies...