$200 Billion in Mandatory Savings Should Not Be Too Difficult
One of the debates preceding the House Budget resolution was whether the resolution should call for $200 billion of mandatory savings. This week's...
Debt & Deficits
Did the Trade Deficit Cause $20 Trillion in Debt?
In a meeting with South Korean President Moon Jae-in, President Trump suggested that the national debt is caused by years of trade deficits. However...
Highlights from CBO's June Baseline Update
Today, the Congressional Budget Office (CBO) released updated ten-year budgetary baseline and economic projections. Like its previous projection in...
Drivers of Spending Growth in the Long Term
The Congressional Budget Office’s (CBO) latest Long-Term Budget Outlook projects that federal debt held by the public will exceed the size of the...
CBO’s 2017 Long-Term Budget Outlook
The United States is on an unsustainable fiscal path, according to the Long-Term Budget Outlook released by the Congressional Budget Office (CBO)...
Update: The Cost of Rising Interest Rates
Over the next decade, interest payments on the debt are projected to be the fastest growing part of the federal budget.
Last year, the federal...
CRFB Co-Chair Leon Panetta Tells Face the Nation We Must “Put Everything on the Table”
CRFB Co-Chair Leon Panetta was on Face the Nation on CBS this Sunday. Among a variety of topics, the former Secretary of Defense, Director of the...
What's Needed to Balance the Budget and Meet Other Fiscal Goals
With debt projected to rise from 77 percent of GDP today to 89 percent by the end of the decade, our latest estimates find that fixing the debt is...
Wrapping up the 2016 Fiscal Year
The Fiscal Year (FY) 2016 budget deficit totaled $587 billion, according to the final data from the Treasury Department. Although this is nearly 60...
Interactive Tool: Reforming the Candidates' Fiscal Plans
Our recent in-depth analysis Promises and Price Tags found that the national debt would continue to rise under a Hillary Clinton or a Donald Trump...