Latest
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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget
Read moreIncreased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation. However...
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Policymakers Should Work Together to Reduce Drug Costs
Read moreFor Immediate Release President Trump outlined several proposals to reduce prescription drug prices in a speech Friday. The following is a statement...
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Chartbook: Playing By the (Budget) Rules
Read moreBelow is a Chartbook that corresponds to the paper " Playing By the (Budget) Rules: Understanding and Preventing Budget Gimmicks"
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Explaining the House Farm Bill
Read moreThe 2014 farm bill expires on September 30, which means policymakers have less than five months to pass a new one. The House Agriculture Committee has...
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What's in the President's Rescission Request?
Read moreUpdate: CBO released an estimate of the effect of the CHIP rescission on outlays and coverage. CBO estimates that the proposed rescission would not...
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A Conversation with CBO Director Keith Hall
Read moreThe Committee for a Responsible Federal Budget and our partners at the Campaign to Fix the Debt hosted a conference call conversation with Dr. Keith...
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Rescission Package Very Small Step in Right Direction
Read moreFor Immediate Release The White House unveiled a $15 billion package of proposed spending rescissions on Tuesday, which they estimated will reduce...
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Multiemployer Pensions: The Next Source of Budget-Busting Legislation?
Read moreThe newly-created Joint Select Committee on Solvency of Multiemployer Plans is tasked with crafting legislation to improve the finances of the nation...
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Mandatory Spending Makes Up the Bulk of Spending Growth
Read moreOver four-fifths of the growth in nominal spending over the next decade is driven by Social Security, federal health programs, and interest on the...
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Rescissions, How Do They Work?
Read moreRecent press reports have indicated that the Trump Administration is looking to use a process known as rescission to cut spending from the recent...
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Judd Gregg: Fixing the unfixable — the federal budget
Read moreJudd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and ranking member...
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A "Cheat Sheet" to Our Recent Work on Debt
Read moreOver the past month, we've been explaining different elements of CBO's recent budget outlook. Below is a summary of our recent work. Decade of Debt...