Budgets & Projections
Latest
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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...
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Has the Deficit Been Cut in Half?
Last night, President Obama gave his State of the Union address to Congress, which mentioned fiscal policy on a several occasions. As one of the...
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Growth and Deficit Reduction Are Not Incompatible
Yesterday in an interview on CNBC's Squawkbox, former Treasury Secretary Larry Summers chimed in again on his views that boosting economic growth...
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CBO's "Approaches to Reducing Federal Spending on Military Health Care"
Military personnel costs continue to increase as a share of the defense budget. One of the fastest growing components is military health care, where...
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Winners and Losers from the Omnibus Legislation
Last month's Ryan-Murray budget deal set overall spending levels for the government at $1.1 trillion, but it did not set specific spending levels for...
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The Omnibus Bill Has Passed the House
Lawmakers in the House moved quickly to pass the omnibus appropriations bill released two days ago with a 359-67 vote. Earlier in the day, the Senate...