Budgets & Projections
Latest
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Treasury: 2021 Deficit Was $2.8 Trillion
Read moreThe Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and debt...
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A $2.8 Trillion Budget Deficit
Read moreFor Immediate Release The Congressional Budget Office released its final monthly budget review of fiscal year (FY) 2021 today, concluding the budget...
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CBO Reports $173 Billion Deficit for August
Read moreThe United States borrowed over $2.7 trillion in the first 11 months of fiscal year 2021, including $173 billion in August, according to the latest ...
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Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits
Read moreThe U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of Supplemental...
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House Should Not Authorize Trillions of Borrowing
Read moreThe House is expected to vote this week on a Senate-passed budget resolution for Fiscal Year 2022 that would allow up to $1.75 trillion of borrowing...
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The Budgetary Implications of the Senate Budget Resolution
Read moreThe recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1...
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How Much Could Build Back Better Add to the Debt, An Update
Read moreNote: with recent Administrative actions on SNAP, debt-to-GDP will be about 0.6 percent higher in all scenarios. As a result, it will now reach 107...
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CBO's Deficit Projections Are Higher, Here's Why
Read moreIn its updated Budget and Economic Outlook, the Congressional Budget Office (CBO) projected budget deficits will total $15.1 trillion between Fiscal...
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The Senate Budget Resolution Would Allow $1.75 Trillion of Borrowing
Read moreSenate Budget Committee Chairman Bernie Sanders (I-VT) released a budget resolution for Fiscal Year (FY) 2022 today that allows for up to roughly $1...
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How Much Could Build Back Better Add to the Debt?
Read moreNote: This analysis was updated for new data and details on August 11, 2021. See the updated analysis here. While we do not have all the estimates for...
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True Cost of Budget Plan Could Exceed $5 Trillion
Read moreThe Senate may soon move forward on reconciliation instructions to allow for the enactment of $3.5 trillion in new spending and tax breaks (on top of...