CBO Updates Budget Projections Before Coronavirus Impact
Today, the Congressional Budget Office (CBO) released its updated budget projections, showing the national debt is on an unsustainable path. Under...
Debt & Deficits
New CBO Baseline Reaffirms Challenge of Coronavirus Response
For Immediate Release
The Congressional Budget Office (CBO) today released its updated budget projections. Although the new baseline doesn’t...
Monthly Deficit Hits New Record
For Immediate Release
The United States ran a record-high budget deficit in February 2020. According to the Monthly Treasury Statement released...
Interest Costs Will More Than Double Over the Next Decade
The Congressional Budget Office's (CBO) latest budget projections show interest on the national debt remains the fastest growing category of the...
Amy Klobuchar’s Plan to “Govern with Fiscal Responsibility”
Democratic presidential candidate Senator Amy Klobuchar (D-MN) put forward a Plan for the Future of Work and a Changing Economy in December...
GAO: Fiscal Sustainability Is a Growing Concern for Some Key Federal Trust Funds
Last week, the Government Accountability Office (GAO) released a report on the financial health of the nation’s federal trust funds. Requested by...
CBO's Budget Projections Show Deteriorating Fiscal Outlook
The Congressional Budget Office (CBO) just released its latest Budget and Economic Outlook, which shows trillion-dollar deficits returning...
Bipartisan, Bicameral Group Requests CBO to Include Debt Servicing Impact in Legislative Cost Estimates
Senator Mike Lee (R-UT) and Representatives Ed Case (D-HI) and Michael Cloud (R-TX), in a bipartisan and bicameral group of 68 lawmakers, this week...
Kurt Couchman: When will cheap credit dry up?
Kurt Couchman is co-director of legislative strategy at the Committee for a Responsible Federal Budget. He recently wrote an ...
President Trump has Signed $4.7 Trillion of Debt into Law
Our US Budget Watch 2020 project analyzes, estimates, and explains the fiscal implications of proposals introduced during the presidential campaigns...