Budgets & Projections
Latest
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Deficit Nears $2 Trillion Amid Rising Interest and Little Action
The Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review...
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Open Letter Urges Candidates to Focus on the Debt
Tuesday marked the start of Fiscal Year 2025. With the ringing in of a new fiscal year, and with just over a month until Election Day, Board Members...
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How Will GDP Numbers Affect Debt Outlook?
Recently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent larger than previously reported and...
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Tax Cuts Need Offsets, Not Baseline Games
In 2025, large parts of the 2017 Tax Cuts & Jobs Act (TCJA) are scheduled to expire. Extending the expiring individual and estate tax provisions alone...
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Treasury: $1.9 Trillion Deficit in First 11 Months of Fiscal Year
The United States borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, according to the latest...
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CBO Estimates $1.9 Trillion Deficit for First 11 Months of Fiscal Year
In the first eleven months of fiscal year 2024, the United States borrowed $1.9 trillion, including $381 billion in August, according to the latest...
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The 12-Month Rolling Deficit Totals $2.1 Trillion in August 2024
From September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office (CBO...
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Interest, Social Security, and Health Responsible for Nearly 90% of Spending Growth
In the latest Congressional Budget Office (CBO) baseline, nominal spending is projected to grow from $6.8 trillion in Fiscal Year (FY) 2024 to $10.3...
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Treasury: $1.5 Trillion Deficit in First 10 Months of Fiscal Year
The United States borrowed $1.5 trillion in the first ten months of fiscal year 2024, including $244 billion in July, according to the latest Monthly...
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12-Month Rolling Deficit Mostly Unchanged After July 2024
The federal budget deficit totaled $1.6 trillion over the 12 months between August of 2023 and July of 2024 based on estimates released today by the...
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CBO Estimates $1.5 Trillion Deficit for First 10 Months of Fiscal Year
The United States borrowed $1.5 trillion in the first ten months of fiscal year 2024, including $242 billion in July, according to the latest Monthly...
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CBO's June 2024 Budget and Economic Outlook
The Congressional Budget Office recently released its June 2024 Update to the Budget and Economic Outlook. This report updates the February 2024...