Budget Projections
Latest
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CRFB Launches Ad Campaign Urging No New Borrowing for the Rest of 2022
Read moreAs lawmakers contemplate a number of tax breaks and spending increases as part of a year-end legislative package, the Committee for a Responsible...
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CBO Releases 2022 Budget Options Report
Read moreThe Congressional Budget Office (CBO) released its Options for Reducing the Deficit: 2023 to 2032 report this week, outlining 76 policy options and...
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Making Trust Funds Solvent Would Substantially Reduce Debt Growth
Read moreIn July, the Congressional Budget Office (CBO) projected that federal debt held by the public would nearly double as a share of the economy over three...
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Maya MacGuineas: Washington should make a pledge: No new debt for the rest of 2022
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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New Projection: Federal Debt Will Reach Record Levels Sooner Than Expected
Read moreThe nation’s fiscal and economic outlook has deteriorated substantially since the last Congressional Budget Office (CBO) baseline in May, when CBO...
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Treasury: FY 2022 Deficit Was $1.4 Trillion
Read moreThe US Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2022, showing a $1.4 trillion deficit for the...
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Year-End 'Extenders' Could Worsen Deficits and Inflation
Read moreWith inflation surging and debt approaching record levels, policymakers might make the fiscal situation even worse in an end-of-the-year fiscal...
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CBO Releases its Estimate of the President's FY 2023 Budget
Read moreYesterday, the Congressional Budget Office (CBO) released its estimate of the President's Fiscal Year (FY) 2023 budget. CBO finds that debt and...
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Maya MacGuineas: The White House is wrong, Biden is no steward of fiscal responsibility
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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How Long Before Cancelled Student Debt Would Return?
Read moreNote: This analysis has been updated to reflect President Biden’s announced cancellation plan . You can read the original version here. President...
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IRA Changes Could Erase $500 Billion of Long-Term Savings
Read moreRecently, we estimated the original Inflation Reduction Act (IRA) would reduce deficits by roughly $1.5 trillion over two decades, or nearly $2...
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IRA Saves Almost $2 Trillion Over Two Decades
Read moreThe Inflation Reduction Act (IRA) would reduce budget deficits by over $300 billion in its first nine years, but much of the savings would take time...