As Debt Rises, Interest Costs Could Top $1 Trillion
The fastest growing item in the budget over the next decade will be interest on the debt, according to the Congressional Budget Office (CBO).
In...
Debt & Deficits
The Two Factors That Explain the Improvement in the Budget Outlook
This year's Congressional Budget Office (CBO) budget outlook was a slight improvement over last April's, although it still shows a...
CBO: Debt-to-GDP Will Double in Three Decades
CBO’s latest baseline projected that current law debt will rise rapidly from today’s post-war record-high levels over the next decade. Buried...
Analysis of CBO’s January 2019 Budget and Economic Outlook
The Congressional Budget Office (CBO) released its Budget and Economic Outlook today, projecting high and rising deficits and debt over the next...
CBO Budget Projections Show Bleak Outlook
The Congressional Budget Office (CBO) has released its 2019 budget and economic projections, and the budget outlook is very bleak. CBO's baseline...
Our Top Fiscal Charts of 2018
The year 2018 was a busy time for budget policy, which gave us plenty of opportunities for analysis via tables and graphs. We published over 250...
Maya MacGuineas's Testimony on the Perils of Ignoring Debt
On December 20, 2018, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the House Financial Services Committee on...
Maya MacGuineas Testifies Before House Financial Services Committee
CRFB president Maya MacGuineas testified before the House Financial Services Committee on Thursday, December 20. The hearing, entitled "The Peril of...
The Deficit Has Never Been This High When the Economy Was This Strong
This year, the budget deficit is projected to total about $970 billion – 4.6 percent of GDP – up from $666 billion (3.5 percent of GDP) in...
How Much Does the Government Really Owe?
When analyzing the fiscal health of the country, we often focus on federal government debt held by the public. Data published by USAFacts allows us...