Budgets & Projections
Latest
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12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO)...
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CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according...
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Options for Reducing the Revenue Loss of TCJA Extension
Extending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9...
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Reversing Biden Executive Actions Could Save up to $1.4 Trillion
As the national debt approaches record levels and interest costs surge , the next Administration and Congress will need to find options to reduce...
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There Are Plenty of Offsets for Tax Cut Extensions
As Congress considers extensions of the expiring provisions in the Tax Cuts and Jobs Act (TCJA), lawmakers will need to come up with $3.9 to $4.8...
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Gross National Debt Reaches $36 Trillion
The gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the...
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Interest Costs Have Nearly Tripled Since 2020
The recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal...
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Marc Goldwein: Solutions: Biden still has time to nudge the federal budget closer to sanity
Marc Goldwin is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He wrote an opinion piece for the...
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$700 Billion of Easy Deficit Reduction
With the national debt approaching record levels and interest costs exploding, lawmakers will need to consider substantial spending cuts and revenue...
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12-Month Rolling Deficit Totals $2.0 Trillion in October 2024
The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's...
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CBO Estimates $255 Billion Deficit for First Month of Fiscal Year 2025
The United States borrowed $255 billion in the first month of fiscal year 2025, according to the latest Monthly Budget Review from the Congressional...
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FY 2024 Ends with $1.8 Trillion Deficit
The U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit...