Budget Projections
Latest
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2023 Deficit Hit $1.7 Trillion
Read moreThe U.S. Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2023 , showing a $1.7 trillion deficit for the...
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An Overview of the House FY 2024 Budget Resolution
Read moreThe House Budget Committee has released and marked up its Fiscal Year (FY) 2024 budget resolution , a framework that purports to put the budget on a...
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn September 15, 2023, the federal government's gross debt exceeded $33 trillion for the first time. This mark serves as an important reminder of the...
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Tax Cut Extensions Cost Over $3.3 Trillion
Read moreSome parts of the 2017 Tax Cuts and Jobs Act (TCJA) have recently expired or changed, and large portions of the TCJA will expire by the end of...
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Rising Debt Could Reduce Income Growth by One-Third
Read moreA high and rising national debt poses a series of risks and threats , including slower income and wage growth. A new report from the Congressional...
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Build Your Own Child Tax Credit – A Web-Based Version
Read moreThe Child Tax Credit (CTC) has become a topic of significant debate among policymakers as they wrestle with determining its appropriate size...
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CBO's Alternative Long-Term Budget Projections
Read moreThough the Congressional Budget Office's (CBO) latest Long-Term Budget Outlook projects that federal debt held by the public will reach 181 percent of...
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Restoring Trust Fund Solvency Would Reduce Long-Term Debt Growth
Read moreRestoring solvency to the major trust funds would reduce one-half to four-fifths of the projected debt-to-GDP growth over the next three decades. The...
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Interest Costs Will Grow the Fastest Over the Next 30 Years
Read moreAccording to the Congressional Budget Office’s (CBO) long-term baseline , federal spending as a percentage of Gross Domestic Product (GDP) will grow...
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CBO: Social Security is Ten Years from Insolvency
Read moreThe Congressional Budget Office (CBO) recently published detailed long-term projections for Social Security that project the financial outlook for the...
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Chartbook: The Fiscal Outlook After the Debt Limit Deal
Read moreThe recently-enacted Fiscal Responsibility Act (FRA) is the largest deficit reduction package in nearly a dozen years and an important step forward...
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Analysis of CBO's June 2023 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its June 2023 Long-Term Budget Outlook , projecting that the national debt is on an...