Budget Projections
Latest
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Annual Deficits Could Hit $2.3 Trillion
Read moreDeficits are rising quickly under current law, as the Congressional Budget Office's (CBO) recent budget outlook demonstrates. Under current law, CBO...
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As Debt Rises, Interest Costs Could Top $1 Trillion
Read moreThe fastest growing item in the budget over the next decade will be interest on the debt, according to the Congressional Budget Office (CBO). In this...
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These 3 Parts of the Budget Explain 87% of Spending Growth
Read moreThe Congressional Budget Office's (CBO) latest baseline shows that deficits and debt are rising unsustainably, driven by the failure of revenue to...
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CBO Shows That Policymakers Could Make the Long-Term Outlook Much Worse
Read moreThe Congressional Budget Office (CBO) today released a look at various long-term budget scenarios. Most notably, the report shows how much more bleak...
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Mandatory Spending Makes Up the Bulk of Spending Growth
Read moreOver four-fifths of the growth in nominal spending over the next decade is driven by Social Security, federal health programs, and interest on the...
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CBO Sees Major Trust Fund Exhaustions On The Horizon
Read moreThe Congressional Budget Office estimates that three major trust funds will deplete their reserves within the next ten years, with a fourth exhausting...
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What If Interest Rates Are 1 Point Higher? $1.9 Trillion in Extra Costs
Read moreInterest costs are the fastest growing part of the budget, with the Congressional Budget Office (CBO) projecting interest payments will more than...
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Analysis of CBO’s April 2018 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its ten-year budget and economic outlook today, showing that recent legislation has made an already...
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Chartbook: America's Deteriorating Budget Outlook
Read moreAn updated version of this chartbook is available here Below is a chartbook on America's deteriorating budget outlook.
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Maya MacGuineas: Federal Budget Increasingly Tilted Against Investment in Children
Read moreMaya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Updating the U.S. Budget Outlook
Read moreNote (4/30/2018): This paper was published before CBO's April 2018 baseline, which provides official estimates of the fiscal situation. For the...
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Trillion-Dollar Deficits Could Return Next Year, But A Deal Could Make Them Worse
Read moreTrillion-dollar deficits will return next year, and a budget deal in the coming weeks could make them much worse. The continuing resolution (CR) that...