Budgets & Projections
Latest
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CBO: The Deficit Will Be About $45 Billion Lower This Year But $1.7 Trillion Higher over Ten Years
Read moreIn May of last year, CBO expected the 2014 deficit to fall to $560 billion from 2013's total of $680 billion. Now, CBO is estimating a deficit of $514...
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Chartbook: Avoiding Budget Gimmicks
Read moreFor more explanation of each of these charts, see the blog Everything You Need to Know About Budget Gimmicks, in 8 Charts Note: This document was...
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CBO Continues to Say the Debt Will Be a Problem for Economic Growth
Read moreIn its February 2014 Budget and Economic Outlook, CBO continued its previous warnings from last year's February outlook and September's long-term...
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Why Did the Deficit Fall in 2014?
Read moreYesterday, the Congressional Budget Office released its annual report on the federal budget, which outlines their projections of all federal spending...
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CBO Director Testifies Before House Budget Committee
Read moreCBO Director Douglas Elmendorf testified before the House Budget Committee this morning following CBO's release of the 2014 Budget and Economic...
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CRFB Releases Analysis of CBO's 2014 Budget and Economic Outlook
Read moreYesterday, the Congressional Budget Office released its 2014 Budget and Economic Outlook, serving as a budget baseline for the new year. To help make...
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How Much Worse are Deficit Projections?
Read moreYesterday, the Congressional Budget Office (CBO) reported a significantly bleaker fiscal picture than they had projected just last year, with debt now...
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CBO Shows Deteriorating Budget and Economic Projections
Read moreThe Super Bowl was held last Sunday, and the Olympics are coming up in a few days, but the biggest event this week happened today as CBO released its...
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Report: Analysis of CBO’s 2014 Budget and Economic Outlook
Read moreNote: The paper's mention of the change in deficits from 2015 to 2024 has been corrected.
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Sources of Spending Growth in CBO's Baseline
Read moreThe CBO's baseline released today shows how spending is expected to grow over time and where that growth occurs in the federal budget. In general...
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Has the Deficit Been Cut in Half?
Read moreLast night, President Obama gave his State of the Union address to Congress, which mentioned fiscal policy on a several occasions. As one of the...