Budget Projections
Latest
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CBO's February 2024 Budget and Economic Outlook
The Congressional Budget Office released its February 2024 Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over...
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Chartbook: From Riches to Rags: Causes of Fiscal Deterioration Since 2001
On January 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on our...
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From Riches to Rags: Causes of Fiscal Deterioration Since 2001
In 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government...
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TCJA Expansions Could Balloon Cost of Extensions
Extending various income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) expiring after 2025 would cost $3.4 trillion through 2035...
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Chartbook: R versus G and the National Debt
On October 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on the...
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2023 Deficit Hit $1.7 Trillion
The U.S. Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2023, showing a $1.7 trillion deficit for the...
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An Overview of the House FY 2024 Budget Resolution
The House Budget Committee has released and marked up its Fiscal Year (FY) 2024 budget resolution, a framework that purports to put the budget on a...
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Q&A: Gross Debt Versus Debt Held by the Public
On September 15, 2023, the federal government's gross debt exceeded $33 trillion for the first time. This mark serves as an important reminder of the...
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Tax Cut Extensions Cost Over $3.3 Trillion
Some parts of the 2017 Tax Cuts and Jobs Act (TCJA) have recently expired or changed, and large portions of the TCJA will expire by the end of...
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Rising Debt Could Reduce Income Growth by One-Third
A high and rising national debt poses a series of risks and threats, including slower income and wage growth. A new report from the Congressional...
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Build Your Own Child Tax Credit – A Web-Based Version
The Child Tax Credit (CTC) has become a topic of significant debate among policymakers as they wrestle with determining its appropriate size...
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CBO's Alternative Long-Term Budget Projections
Though the Congressional Budget Office's (CBO) latest Long-Term Budget Outlook projects that federal debt held by the public will reach 181 percent of...