Latest
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CBO Sees Major Trust Fund Exhaustions On The Horizon
The Congressional Budget Office estimates that three major trust funds will deplete their reserves within the next ten years, with a fourth exhausting...
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Interest Spending is on Course to Triple
According to CBO's latest projections, the rising cost of interest on the debt is a significant driver of growing deficits and debt. In this piece, we...
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Debt Could be Twice the Size of the Economy by Mid-Century
The Congressional Budget Office's (CBO) recent ten-year budget projections show that debt is on course to exceed the size of the economy in just over...
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Goldwein and Moller: How Congress Cheats with Our Money — and How We Can Stop It
Marc Goldwein is senior vice president and senior policy director and Zach Moller is a senior policy analyst at the Committee for a Responsible...
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Is CBO "Always Wrong" Because It Doesn't Understand Growth?
In dismissing projected trillion-dollar deficits, National Economic Council director Larry Kudlow recently claimed that one should "never believe the...
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IMF: US is the Only Advanced Economy With Debt Rising
The International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...
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What If Interest Rates Are 1 Point Higher? $1.9 Trillion in Extra Costs
Interest costs are the fastest growing part of the budget, with the Congressional Budget Office (CBO) projecting interest payments will more than...
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More Than Half of Next Year's Deficit is Congress's Fault
The budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...
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Maya MacGuineas: Welcome to the woeful world of free-lunch economics
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Balancing the Budget Would Take $7 Trillion to $10 Trillion in Savings
The worsening budget outlook means that meeting certain fiscal goals is now much more difficult than it was previously. We estimate that balancing the...
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Debt Could Reach Record Levels in a Decade
The Congessional Budget Office's (CBO) latest budget projections released this week show how much worse recent legislation has made the fiscal outlook...
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Letter to Members of Congress on Statutory Budget Deadline
The statutory deadline for a budget is April 15 and no budget is in sight. Instead, members of the House of Representatives are voting on a balanced...