Budget Projections

The Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American Rescue Plan and...

Last year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and speculated...

Moments ago, President Joe Biden unveiled his Fiscal Year (FY) 2022 budget proposal, outlining his tax and spending proposals and their effects on the...

Last week, the Congressional Budget Office (CBO) released a letter outlining how enacted legislation and certain amounts of additional spending would...

Federal debt held by the public is now larger than annual economic output and is on track to reach 113 percent of Gross Domestic Product (GDP) by 2031...

The COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local...

The Government Accountability Office (GAO) recently published its latest report on the nation’s long-term fiscal outlook. Once again, GAO warns that...

The Committee for a Responsible Federal Budget recently shared our updated " Briefing Book for a Fiscally Responsible 117 th Congress" with...

Now that the American Rescue Plan Act has been signed into law, the federal deficit is on course to exceed $3 trillion this year, with debt reaching a...

The Congressional Budget Office projects the Pell program will deplete its reserve fund by 2026 and face cumulative deficits of $18 billion by 2031...

The Congressional Budget Office (CBO) released a new set of long-term budget projections today, showing that the long-term fiscal outlook remains...