Budgets & Projections
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John Kasich and Leon Panetta: The Fiscal Responsibility Act is Only a First Step Toward Truly Responsible Spending and Debt Reduction
Read moreJohn Kasich and Leon Panetta are former Members of Congress and a Director and Co-Chair, respectively, of the Committee for a Responsible Federal... -
The Post-FRA Fiscal Outlook
Read moreThe nation's fiscal outlook has improved slightly since the last Congressional Budget Office (CBO) baseline in May, thanks to the $1.5 trillion of ten... -
RSC Releases FY 2024 Budget Proposal
Read moreThe Republican Study Committee (RSC) recently released its annual budget proposal for Fiscal Year (FY) 2024, covering the upcoming fiscal year and the... -
Gross National Debt Reaches $32 Trillion
Read moreThe gross national debt of the United States surpassed $32 trillion yesterday. It was just over eight months ago when the federal government eclipsed... -
W&M Tax Bill Undermines FRA Savings
Read moreThe American Families and Jobs Act (AFJA) that recently passed the House Ways and Means Committee would add $320 billion to the deficit over the next... -
The Deficit Was $2.1 Trillion Over Past Year
Read moreThe federal budget deficit totaled $2.1 trillion over the past 12 months, up 50 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and... -
How Much Would the Fiscal Responsibility Act Save?
Read moreThe House-passed Fiscal Responsibility Act of 2023 (FRA) would suspend the debt limit and meaningfully reduce budget deficits – but by how much... -
Debt Explodes Under Alternative Scenarios
Read moreThe Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product... -
Meeting Fiscal Goals Under CBO's May 2023 Baseline
Read moreWe estimate that it would take $16.0 trillion of deficit reduction to balance the budget over a decade, $3.5 trillion to stabilize debt at 110 percent... -
CBO Projections Highlight Need for Deficit Reduction
Read moreToday, the Congressional Budget Office (CBO) released its Updated Budget Outlook, which presents a new ten-year baseline that incorporates new... -
CBO Releases May 2023 Baseline
Read moreThe Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable... -
Treasury Confirms $925 Billion Deficit For First 7 Months of Fiscal Year 2023
Read moreIn the first seven months of fiscal year 2023, the United States borrowed $925 billion, according to the latest Monthly Treasury Statement from the...