Budgets & Projections
Latest
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Interest Costs Will Leapfrog Medicare and Defense This Year
Read moreInterest on the debt is the fastest growing part of the budget. Net interest payments will exceed both defense and Medicare spending this year, in...
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The Deficit Was $1.8 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.8 trillion over the past 12 months, up $70 billion from Fiscal Year (FY) 2023, or 4.2 percent. The 12-month...
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CBO Projects Debt to Exceed Record in 4 Years
Read moreThe Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will eclipse its record...
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CBO Releases February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its February 2024 Budget and Economic Outlook, its first full ten-year baseline and economic...
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CBO's February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office released its February 2024 Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over...
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Chartbook: From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreOn January 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on our...
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Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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The Deficit Hit $1.8 Trillion in Calendar Year 2023
Read moreThe federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
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Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,...
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From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreIn 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government...
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How Much Did President Trump Add to the Debt?
Read moreNote: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
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Maya MacGuineas on Bloomberg TV's "Wall Street Week"
Read moreCommittee president Maya MacGuineas recently joined "Wall Street Week" with David Westin to discuss President Joe Biden and Donald Trump's policy...