Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”
In a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged...
Debt & Deficits
VA Health Bill Should Be Offset
The House will vote this week on a bill that would temporarily extend then replace the Veterans Choice Program, which allows veterans facing...
A "Cheat Sheet" to Our Recent Work on Debt
Over 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...
Budget Barometer: 6 Key Debt Numbers
A good way to judge the national debt is as a share of the overall economy (or GDP).
Based on the latest figures from the Congressional Budget...
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...
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...
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...
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...
Analysis of CBO’s April 2018 Budget and Economic Outlook
The Congressional Budget Office (CBO) released its ten-year budget and economic outlook today, showing that recent legislation has made an already...
New From CBO: Trillion-Dollar Deficits Will Return In Two Years
The Congressional Budget Office (CBO) just released its latest baseline projections – the first since last June and the first to incorporate the...