Budgets & Projections
Latest
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$700 Billion of Easy Deficit Reduction
With the national debt approaching record levels and interest costs exploding, lawmakers will need to consider substantial spending cuts and revenue...
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12-Month Rolling Deficit Totals $2.0 Trillion in October 2024
The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's...
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CBO Estimates $255 Billion Deficit for First Month of Fiscal Year 2025
The United States borrowed $255 billion in the first month of fiscal year 2025, according to the latest Monthly Budget Review from the Congressional...
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FY 2024 Ends with $1.8 Trillion Deficit
The U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit...
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CBO Estimates Medicare Coverage of Weight-Loss Drugs
In a much-anticipated release, the Congressional Budget Office (CBO) published projections estimating it would cost Medicare an additional $35 billion...
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Fiscal Year 2024 Ends with $1.8 Trillion Deficit
The U.S. Treasury Department today released the final Monthly Treasury Statement for Fiscal Year (FY) 2024, confirming the budget deficit totaled $1.8...
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Addressing the Statutory PAYGO Scorecard
There is currently a massive $1.7 trillion balance on the statutory PAYGO scorecard for 2025. Under current law, this balance is slated to trigger a...
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CBO Estimates 2024 Deficit Totaled $1.8 Trillion
The Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a $1.8...
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Deficit Nears $2 Trillion Amid Rising Interest and Little Action
The Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review...
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Open Letter Urges Candidates to Focus on the Debt
Tuesday marked the start of Fiscal Year 2025. With the ringing in of a new fiscal year, and with just over a month until Election Day, Board Members...
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How Will GDP Numbers Affect Debt Outlook?
Recently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent larger than previously reported and...
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Tax Cuts Need Offsets, Not Baseline Games
In 2025, large parts of the 2017 Tax Cuts & Jobs Act (TCJA) are scheduled to expire. Extending the expiring individual and estate tax provisions alone...