Budgets & Projections
Latest
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Rattner Discusses Economic Problems Facing Millennials
Steven Rattner wrote an article in yesterday's The New York Times discussing the financial problems facing millennials. Rattner writes that...
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How Lawmakers Have Added to Deficits This Year
The beginning of the 114th Congress was marked by a great deal of rhetoric about fiscal responsibility and passage of a budget resolution promising a...
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Gap Widens Between Trustees and CBO on Social Security
Although the Social Security Trustees estimate the program's financial outlook has slightly improved relative to last year, the Congressional Budget...
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Social Security Costs Keep Increasing Over the Long Term
CBO's Long-Term Budget Outlook, released last month, included updated projections for Social Security and Medicare, including individuals' expected...
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Second Half of the Year Means Plenty of Fiscal Speed Bumps Ahead
As we move past the midpoint of 2015, several fiscal deadlines are fast approaching. Congress is preparing to act on two important Fiscal Speed Bumps...
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Newest President's Budget Estimate Shows Stable Debt
The Office of Management and Budget (OMB) today released the FY 2016 Mid-Session Review (MSR), which updates the President's budget for new data and...
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Senate Holds Hearing on Understanding America's Long-Term Fiscal Picture
Congressional Budget Office (CBO) Director Keith Hall testified Thursday before the Senate Homeland Security & Government Affairs Committee in a...
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IMF: Fiscal Reform Boosts Economic Growth
The IMF has released new research showing that fiscal reforms enhance economic growth. These findings are broadly consistent with other analysis of...
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Sources of Spending Growth in the Long Term
Over the past few weeks, we have been posting in-depth analysis of the Congressional Budget Office’s (CBO) Long-Term Outlook. In its supplemental data...
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High Debt Drags Down the Economy
According to the Congressional Budget Office (CBO), rising debt levels could reduce projected annual income by between $2,000 and $6,000 per person by...
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CBO Forecasts Costs of Climate Change
The Congressional Budget Office (CBO) has released new estimates of the cost of climate change, specifically as it relates to hurricanes. The report...
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How Uncertain Are CBO's Long-Term Projections?
Any budget projections, including CBO's long-term outlook, are inherently uncertain, and it is important to understand how projections might change...