Budgets & Projections
Latest
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12-Month Rolling Deficit is $2.1 Trillion in January 2025
The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from...
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David Stockman: Trump’s $30 trillion Debt Disaster
David Stockman is a board member of the Committee for a Responsible Federal Budget, former director of the Office of Management and Budget, and former...
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CBO Estimates $838 Billion Deficit for First Four Months of FY 2025
The United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according...
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Maya MacGuineas on CNBC's "The Exchange"
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on CNBC's "The Exchange" to discuss the Committee's estimates...
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Interest on the Debt to Grow Past $1 Trillion Next Year
The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt...
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Trump Tax Priorities Total $5 to $11 Trillion
In a closed-door meeting with House Leadership today President Trump reportedly outlined his tax priorities. According to press reports, they included...
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Debt-to-GDP Growth Could Double with a $5.5 Trillion Bill
According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to allow up to $5.5...
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Reconciliation Should Indeed Reduce Budget Deficits
The Republican Study Committee (RSC) Steering Committee released their position calling for deficit reduction in the upcoming budget reconciliation...
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Meeting Fiscal Goals Under CBO’s January 2025 Baseline
Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the...
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CBO’s Discretionary Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of policy options to reduce the...
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More than 4/5 of Spending Growth Will Come from Social Security, Health, & Interest
From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About...
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Current Policy Baseline Would Set Dangerous Precedent
As lawmakers continue to prepare for using budget reconciliation to enact their priorities, some continue to suggest that they should use a “current...