Budget Projections
Latest
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreThe Q&A has been updated here. On January 31, 2022, the federal government's gross debt exceeded $30 trillion for the first time. This mark serves as...
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How Would Higher Interest Rates Affect Interest Payments?
Read moreInterest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional Budget Office...
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CBO Estimates a Permanent Build Back Better
Read moreThe Congressional Budget Office (CBO) today released an estimate of how much it would cost to make most temporary provisions in the House-passed Build...
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Does Build Back Better Cost $1.6 Trillion or $2.4 Trillion?
Read moreThe Congressional Budget Office (CBO) recently estimated that the House-passed Build Back Better Act will increase outlays by $1.64 trillion over ten...
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Full Estimates of the House Build Back Better Act
Read moreUPDATE 12/13: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...
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Updated Budget Projections Show Record Debt by 2031
Read moreNew estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track to...
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Five Ways to Improve the FY 2022 Reconciliation Package
Read moreCongress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden has made the...
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Better Targeting in Reconciliation
Read moreAs lawmakers negotiate the details of their reconciliation package, they will need to scale back some of their ambitions to prevent arbitrary policy...
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It’s Time to Wind Down the Student Loan Moratorium
Read moreThe Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...
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The Budgetary Implications of the Senate Budget Resolution
Read moreThe recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1...
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CBO's Deficit Projections Are Higher, Here's Why
Read moreIn its updated Budget and Economic Outlook, the Congressional Budget Office (CBO) projected budget deficits will total $15.1 trillion between Fiscal...
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ARCHIVE: How Long Before Cancelled Student Debt Would Return?
Read moreNote: (7/6/2022): This analysis is now out of date. We released an updated version of this analysis, available here, which includes updated estimates...