Budget Projections
Latest
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Interest Costs Could Explode from High Rates and More Debt
Read moreInterest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing... -
House Reconciliation Bill Would Massively Increase Near-Term Deficits
Read moreThe House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt including interest or $5.2... -
Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits
Read moreThe House Ways & Means Committee is set to mark up its title of the Fiscal Year (FY) 2025 reconciliation bill on Tuesday. The Joint Committee on... -
Ways & Means Draft Could Add $5 Trillion to Deficits
Read moreUpdate (5/10/2025): This piece was published prior to the Joint Committee on Taxation's revenue estimate , which totals $4.9 trillion for the bill as... -
Extending TCJA is as Big as Doubling Social Security’s Shortfall
Read morePolicymakers are considering an extension of expiring parts of the Tax Cuts and Jobs Act (TCJA) as part of a reconciliation bill, which could reduce... -
Analysis of CBO’s March 2025 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its January 2025 ten-year projections... -
Tax Cut Extensions Would Add $37 Trillion to Debt by 2054
Read moreIn a recent letter, the Congressional Budget Office (CBO) estimated that extending and reviving various provisions from the Tax Cuts and Jobs Act... -
Putting the Reconciliation Resolution in Context
Read moreThe House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation... -
House Spending Cuts Would Not Be Largest in History
Read moreThe House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net $2.8 trillion of... -
“Current Policy Baseline” Gimmick Could Explode the Debt
Read moreAs the House and Senate work to land on a concurrent budget resolution, Congress may consider trying to measure their reconciliation bills relative to... -
Interest on the Debt to Grow Past $1 Trillion Next Year
Read moreThe Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt... -
Debt-to-GDP Growth Could Double with a $5.5 Trillion Bill
Read moreAccording to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to allow up to $5.5...