Budgets & Projections
Latest
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Budget Experts Urge Congress to Enact Deficit Reduction
Read moreToday, 55 of the nation’s top budget experts issued a letter calling for Congress to enact deficit reduction in the coming months and years in order...
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IRA Saves Almost $2 Trillion Over Two Decades
Read moreThe Inflation Reduction Act (IRA) would reduce budget deficits by over $300 billion in its first nine years, but much of the savings would take time...
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Analysis of CBO's July 2022 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its July 2022 Long-Term Budget Outlook. Although CBO’s extended baseline is based on outdated...
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CBO Releases July 2022 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...
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CBO’s Long-Term Budget Outlook Forecasts Debt In Uncharted Territory
Read moreThe Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 185 percent of GDP by 2052 under CBO’s...
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Budget Offsets Bank, July 2022
Read moreThe federal debt is nearly the size of the economy, and deficits are expected to exceed $1 trillion almost every year going forward. In order to help...
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CBO Estimates "Chips-Plus" Bill Would Cost $79 billion
Read moreThe Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...
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Risks and Threats from Deficits and Debt
Read moreAfter two decades of uninterrupted borrowing – including three years in which deficits surpassed 10 percent of the economy – the U.S. national debt is...
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Just How Big Are Federal Interest Payments?
Read moreAccording to the Congressional Budget Office's (CBO) latest baseline, the federal government will spend $400 billion on interest payments on the...
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Reaching Fiscal Goals Under the Latest Baseline
Read moreThe Congressional Budget Office’s (CBO) latest baseline projects that federal debt held by the public will rise to a record 110 percent of Gross...
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CBO Baseline Shows Troubling Long-Term Outlook
Read moreThe Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
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92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
Read moreAccording to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...