Budgets & Projections
Latest
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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...
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Gross National Debt Reaches $35 Trillion
The gross national debt of the United States reached $35 trillion last Friday, seven months after the previous milestone reached at the end of last...
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Meeting Fiscal Goals Under CBO’s June 2024 Baseline
It would require nearly $10 trillion of deficit reduction to stabilize debt at its current share of the economy over the next decade, according to the...
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Tom Tauke: Neither Joe Biden nor Donald Trump seems willing to address the national debt
Tom Tauke is a director at the Committee for a Responsible Federal Budget and former congressman from Iowa. He recently wrote an opinion piece in the...
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Maya MacGuineas: The Galling Mistake That Led The US To Its Current Debt Problem
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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12-Month Deficit Decreases to $1.6 Trillion in June 2024
The federal budget deficits totaled $1.6 trillion over the past 12 months, including the $73 billion June deficit released today by the Congressional...
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Tentative Senate Appropriations Deal Would Undermine Bipartisan Deficit Reduction
According to press reports , Senate Appropriations Chair Patty Murray (D-WA) and Vice Chair Susan Collins (R-ME) have reached a tentative deal to...
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Maya MacGuineas Discussing New Debt Analysis on Bloomberg "Surveillance"
Committee for a Responsible Federal Budget president Maya MacGuineas joined Bloomberg Television's "Surveillance" with hosts Jonathan Ferro, Lisa...
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Trump and Biden: The National Debt
The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by...
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Government Spending Just Keeps on Growing
The latest Congressional Budget Office (CBO) baseline shows that federal spending this year will be the largest it’s ever been outside a crisis – far...
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CBO Releases June 2024 Baseline Update
The Congressional Budget Office (CBO) today released new ten-year budget and economic projections – an update from its February baseline – again...