Budget Projections
Latest
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Fiscal Speed Bumps: Challenges, Risks, and Opportunities
Read moreIn the coming months and years, lawmakers will face a number of important budget-related deadlines, or Fiscal Speed Bumps, that will require...
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CRS Talks About Need for Fiscal Sustainability and Plans to Achieve It
Read moreThe Congressional Research Service's Jane Gravelle recently put out a paper on plans to address long-term deficits and debt. The piece both goes...
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Discussing the Uncertainty of Long-Term Budget Projections
Read moreAn old saying goes, "Nothing is certain but death and taxes." But in budget projections, neither of those things -- mortality rates nor revenue levels...
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Why the 40-Year Average is a Poor Benchmark
Read moreIn response to Howard Gleckman's piece on the FY 2014 deficit where he noted that the budget had returned to "normal," Donald Marron wrote that the...
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Falling Deficit is Not a Sign of Fiscal Sustainability
Read moreWith the Congressional Budget Office's (CBO) year-end Monthly Budget Review having been released, we published a report today showing what the 2014...
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What Happened to Interest Rates?
Read moreOne of the biggest stories in CBO's August budget update was the huge downward revision to expected spending on interest to service the debt, down by...
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CFR: U.S. Falling Behind Other Advanced Countries on Debt
Read moreThe Council on Foreign Relations has released a new report and scorecard comparing the United States federal debt situation to other G-7 countries...
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Separating "Current Law" from A "Do Nothing" Baseline
Read moreCBO’s baseline budget projections are often referred to as “current law” since they generally assume Congress continues the laws as they are written...
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The $1.8 Trillion Drop in Revenue Projections
Read moreWith the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it...
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How Alternative Policies Could Affect the Budget
Read moreCBO's latest budget projections, while a slight improvement, are not good news for the country's fiscal future. Debt is higher than at any time in our...
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CRFB Analyzes CBO’s Updated Budget and Economic Forecast
Read moreMoments ago, CRFB published a new 6-page paper summarizing CBO’s latest Budget and Economic Outlook. Under its current law baseline, CBO estimates...
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Newest Budget Projections Show Gloomy Fiscal Picture
Read moreThe Congressional Budget Office (CBO) just released its August baseline, updating budget projections from April and economic projections from February...