Budgets & Projections
Latest
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Why Did the Deficit Drop in 2014? Part 2
At the beginning of the month, the Congressional Budget Office released its annual report on the federal budget, which showed that the deficit is...
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CBO: The Deficit Will Be About $45 Billion Lower This Year But $1.7 Trillion Higher over Ten Years
In May of last year, CBO expected the 2014 deficit to fall to $560 billion from 2013's total of $680 billion. Now, CBO is estimating a deficit of $514...
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Chartbook: Avoiding Budget Gimmicks
For more explanation of each of these charts, see the blog Everything You Need to Know About Budget Gimmicks, in 8 Charts Note: This document was...
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CBO Continues to Say the Debt Will Be a Problem for Economic Growth
In its February 2014 Budget and Economic Outlook, CBO continued its previous warnings from last year's February outlook and September's long-term...
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Why Did the Deficit Fall in 2014?
Yesterday, the Congressional Budget Office released its annual report on the federal budget, which outlines their projections of all federal spending...
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CBO Director Testifies Before House Budget Committee
CBO Director Douglas Elmendorf testified before the House Budget Committee this morning following CBO's release of the 2014 Budget and Economic...
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CRFB Releases Analysis of CBO's 2014 Budget and Economic Outlook
Yesterday, the Congressional Budget Office released its 2014 Budget and Economic Outlook, serving as a budget baseline for the new year. To help make...
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How Much Worse are Deficit Projections?
Yesterday, the Congressional Budget Office (CBO) reported a significantly bleaker fiscal picture than they had projected just last year, with debt now...
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CBO Shows Deteriorating Budget and Economic Projections
The Super Bowl was held last Sunday, and the Olympics are coming up in a few days, but the biggest event this week happened today as CBO released its...
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Report: Analysis of CBO’s 2014 Budget and Economic Outlook
Note: The paper's mention of the change in deficits from 2015 to 2024 has been corrected.
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Sources of Spending Growth in CBO's Baseline
The CBO's baseline released today shows how spending is expected to grow over time and where that growth occurs in the federal budget. In general...