Budgets & Projections
Latest
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92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
Read moreAccording to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...
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CBO Reports $63 Billion Deficit for May
Read moreThe United States borrowed $423 billion in the first eight months of fiscal year 2022, with a $63 billion deficit in May, according to the latest...
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Maya MacGuineas Joins C-SPAN to Discuss Deficits and the Economic Outlook
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal. She discussed the latest Budget...
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Debt Could Reach 125% of GDP With Irresponsible Actions
Read moreThe Congressional Budget Office's (CBO) new budget projections find that debt will reach a record 110 percent of Gross Domestic Product (GDP) ($40.2...
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Analysis of CBO's May 2022 Budget and Economic Outlook
Read moreToday, the Congressional Budget Office (CBO) released its May 2022 Budget and Economic Outlook, its first baseline in almost a year. CBO’s new...
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CBO Projects Record Debt, After Short Reprieve
Read moreFor Immediate Release The Congressional Budget Office (CBO) released its Budget and Economic Outlook today. CBO projects high rates of inflation will...
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CBO Releases May 2022 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its May 2022 Budget and Economic Outlook, its first baseline since July 2021. Under CBO's new...
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Milken Institute Hosts Panel on the National Debt's Impact on the Economy
Read moreOn Tuesday, May 3, the Milken Institute hosted a panel discussion entitled “The Road Ahead: The Impact of the National Debt on America’s Economy” as...
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CBO Analyzes the Economic Effects of Waiting to Fix the Debt
Read moreWaiting to address our high and rising national debt has substantial adverse consequences. High debt slows income growth, increases interest payments...
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Large April Surplus Won’t Erase Massive Deficits
Read moreThanks to record-high tax payments, the federal government enjoyed a $308 billion surplus in April of 2022, according to the latest Monthly Budget...
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Biden Administration Should Do More Before Taking Credit for Fiscal Responsibility
Read morePresident Biden gave a speech this morning touting his Administration’s deficit reduction and fiscal responsibility. The following is a statement from...
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President's Budget Would Add More to Debt With Policy Extensions
Read moreLast month, the Biden Administration released its Fiscal Year (FY) 2023 budget proposal that includes many policy changes that would reduce deficits...