Budgets & Projections
Latest
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Unilateral Executive Tax Cuts Could Add Hundreds of Billions to Debt
Read moreThe Trump Administration is reportedly considering an executive action – at the urging of lawmakers in both the House and Senate – to reduce capital...
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Bipartisan Momentum Builds for the Fiscal Contingency Preparedness Act
Read moreUpdated on 3/16/26 to reflect additional support. The Fiscal Contingency Preparedness Act (FCPA), introduced last year by Representatives Ben Cline (R...
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Any War Supplemental Should Be Responsibly Targeted
Read moreAs the military conflict with Iran continues, there has been increasing discussion over a possible “war supplemental” to help fund the U.S. military...
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Maya MacGuineas's Senate Testimony on the Fiscal Outlook 2027-2036
Read moreOn March 11, 2026, Committee for a Responsible Federal Budget President Maya MacGuineas testified before the Fiscal Responsibility and Economic Growth...
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OBBBA Dynamic Score Comes In at $4.7 Trillion
Read moreThe “One Big Beautiful Bill Act” (OBBBA) will add $4.2 trillion to the national debt through Fiscal Year (FY) 2034 or $4.7 trillion through 2035 after...
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Bipartisan, Bicameral Support for a Fiscal Commission
Read moreSenators John Curtis (R-UT) and Angus King (I-ME) recently introduced the Fiscal Commission Act , a bipartisan bill that would establish a fiscal...
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12-Month Rolling Deficit is $1.6 Trillion in February 2026
Read moreThe federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the Congressional Budget...
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CBO Estimates $1 Trillion Deficit for First Five Months of FY 2026
Read moreThe United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the...
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CBO Projects Possible Debt Spiral, as R Exceeds G
Read moreThe U.S. national debt has long been on an unsustainable path. Nonetheless, for most of the 20th century, debt sustainability has been bolstered by...
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Debt Rises to 175% of GDP Under CBO’s Long-Term Outlook
Read moreThe national debt will rise to 175% of Gross Domestic Product (GDP) by 2056 – or $168 trillion – according to the Congressional Budget Office's (CBO)...
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Fiscal Contingency Preparedness Act (FCPA) Frequently Asked Questions
Read moreAmid the growing bipartisan interest in the Fiscal Contingency Preparedness Act (FCPA), below are some frequently asked questions and answers about...
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Net Interest Costs Will Double, Again, Over the Next Decade
Read moreNet interest on the national debt, the fastest growing part of the budget, is projected to more than double from $970 billion in Fiscal Year (FY) 2025...