Budget Projections
Latest
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No, Actually, the Fiscal Gap Has Not Fallen by 8 Percentage Points
Read moreLast week, at a breakfast with David Wessel and Gerald Seib of The Wall Street Journal, Council of Economic Advisers chair Jason Furman made the case...
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Deficits are a First-Order Problem
Read moreYesterday, Former Treasury Secretary and director of the National Economic Council Larry Summers argued that “budget deficits are now a second-order...
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Introducing CRFB's Latest Long-Term Realistic Baseline
Read moreThe release of the Congressional Budget Office's (CBO) Long-Term Budget Outlook is one of the big events in the budget world, and we'd like to think...
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CBO Releases Long-Term Budget Outlook
Read moreIt's here — CBO has released its updated long-term baseline. Since December, many commentators have attempted to see where we stand since the fiscal...
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Budget Director: We Still Have a Long-Term Debt Problem
Read moreReading the news these days, you might think our debt problem has been solved: the federal deficit has been revised downward and is falling to its...
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It's Official: Budget Projections Have Changed
Read moreLast month after the Bureau of Economic Analysis revised their GDP numbers going back to 1929, we decided to take the intiative and project what the...
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Carter and Weinstein: Look Beyond Ten Years
Read moreIn an op-ed in POLITICO, former Senate Budget Committee staffer James Carter and Fiscal Commission adviser Paul Weinstein advised lawmakers to look...
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Comparing 2010 and 2013 Federal Government Spending
Read moreLate last week, the Washington Post's David Fahrenthold published a piece claiming that "big government is mostly unchanged" since 2010, when...
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Peterson Foundation Depicts the Long Term...Interactively
Read moreFrequent readers of this blog will be familiar with projections of long term debt. But the Peterson Foundation has found an interesting interactive...
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Wessel: Prudent Politicians Would Focus on the Long Term, Today
Read moreIn his column in today's Wall Street Journal and an accompanying audio clip, David Wessel takes on the question before Washington: Is the budget...
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What the New GDP Numbers Mean for Budget Projections
Read moreYesterday, we noted the revisions that CBO has made to its historical budget data going back to 1973, in light of the Bureau of Economic Analysis's...
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CBO Updates Their Historical Budget Data
Read moreNearly two weeks ago, the Bureau of Economic Analysis released its GDP report with a $560 billion upward revision for 2012. As we explained at the...