Budget Projections

The Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product...

We estimate that it would take $16.0 trillion of deficit reduction to balance the budget over a decade, $3.5 trillion to stabilize debt at 110 percent...

The Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable...

Update (4/26/2023): The Congressional Budget Office released an estimate of the House Rules Committee amendments to the bill, reducing the savings of...

The Limit, Save, Grow Act would reduce deficits by about $4.5 trillion over the next decade, with $3.2 trillion of those savings coming from caps to...

Each year, Congress must pass a new set of appropriations bills to fund the discretionary side of the budget and avoid a government shutdown. There...

We were very encouraged by the President’s call for $3 trillion of ten-year deficit reduction in his Fiscal Year (FY) 2024 budget proposal. However...

The House Freedom Caucus released today a proposal for the upcoming debt ceiling negotiations. Its members call for repealing the announced student...

This is a particularly important year for budgeting given three things: the need to lift the debt ceiling, the nation’s dangerous fiscal trajectory...

Moments ago, the Biden Administration released its Fiscal Year (FY) 2024 budget proposal, outlining some of the President's tax and spending...

The analysis below updates our previous analysis " What Would It Take to Balance the Budget?" to account for the Congressional Budget Office's latest...

Federal debt held by the public is on track to exceed its record as a share of the economy – 106 percent of Gross Domestic Product (GDP), set just...