Budgets & Projections
Latest
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Meeting Fiscal Goals Under CBO's May 2023 Baseline
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...
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CBO Projections Highlight Need for Deficit Reduction
Today, the Congressional Budget Office (CBO) released its Updated Budget Outlook, which presents a new ten-year baseline that incorporates new...
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CBO Releases May 2023 Baseline
The Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable...
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Treasury Confirms $925 Billion Deficit For First 7 Months of Fiscal Year 2023
In the first seven months of fiscal year 2023, the United States borrowed $925 billion, according to the latest Monthly Treasury Statement from the...
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Deficit Nearly $2 Trillion Over Past Year
The federal government has run nearly $2 trillion in deficits over the past year, based on monthly data from the Congressional Budget Office (CBO)...
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Revenue Surge Comes to an End
After surging to a near-record 19.6 percent of Gross Domestic Product (GDP) last fiscal year, revenue has fallen to 17.7 percent of GDP over the past...
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CBO Scores the Limit, Save, Grow Act
Update (4/26/2023): The Congressional Budget Office released an estimate of the House Rules Committee amendments to the bill, reducing the savings of...
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ARCHIVE: What's in the Limit, Save, Grow Act?
Update (4/25/2023): The Congressional Budget Office has released an official score of the Limit, Save, Grow Act; read our analysis of that score here...
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Build Your Own Discretionary Budget
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...
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Breaking Down the Proposals in the President's FY 2024 Budget
The FY 2024 President’s budget includes policy changes that it estimates would reduce budget deficits by $3 trillion over a decade, the net effect of...
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Treasury Reports $378 Billion Deficit in March
The Treasury Department released its latest Monthly Treasury Statement today, showing that the United States borrowed $378 billion in the month of...
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CBO Estimates $1.1 Trillion Deficit For First 6 Months Of Fiscal Year 2023
In the first six months of fiscal year 2023, the United States borrowed $1.1 trillion, with a $376 billion deficit in February, according to the...