FY 2018 Budget

Concept_Myths
Nov 5, 2018 | Blog Paper Press Release | Taxes

The Tax Bill Did Not Cause Revenue to Rise

A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is...
Maya MacGuineas

Maya MacGuineas: Massive Deficit Was Totally Predictable & Self-Imposed

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...
Concept_Magnifying Glass

Are Defense and Disasters Causing the Deficit Increase?

When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of...
Debt Clock

Treasury: 2018 Deficit was $779 Billion

The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113...

FY 2018 Deficit Was $779 Billion

For Immediate Release The Treasury Department today released a report showing the official fiscal year 2018 deficit was $779 billion, an increase of...
Concept_Scale

CBO Shows $782 Billion Deficit for FY 2018

Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
Concept_DC_Capitol Building Storm

Q&A: Everything You Should Know About Government Shutdowns

The fiscal year began on October 1, Congress has only passed 5 of 12 appropriations bills setting spending levels. If lawmakers do not pass...
Sep 21, 2018 | Blog Paper Press Release | Taxes

No, Really, Tax Revenue Has Not Risen

Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...
Concept_Debt_pennies

Does the Rescissions Bill Cut $15 Billion in Spending?

The President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others. The...
Concept_calculator

What's in the President's Rescission Request?

Update: CBO released an estimate of the effect of the CHIP rescission on outlays and coverage. CBO estimates that the proposed rescission would not...

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