Budgets & Projections
Latest
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Fully Paid for Must Mean Fully Paid For
Read moreFor Immediate Release Senate Budget Committee Democrats have apparently reached an agreement to pursue $3.5 trillion of new spending and tax breaks...
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CBO Reports $173 Billion Deficit for June
Read moreFor Immediate Release The United States borrowed over $2.2 trillion in the first nine months of fiscal year 2021, including $173 billion in June...
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Analysis of CBO's July 2021 Budget and Economic Outlook
Read moreToday, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook, accounting for enactment of the...
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CBO Projects Debt to Reach Record Levels
Read moreFor Immediate Release The Congressional Budget Office (CBO) released its Updated Budget and Economic Outlook for the next decade, projecting the...
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CBO Releases July 2021 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American Rescue Plan and...
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Kerrey and Danforth Sound the Alarm on Long-Term Debt
Read moreFormer Senators Bob Kerrey (D-NE) and John C. Danforth (R-MO) recently published an op-ed in the Wall Street Journal highlighting the need to address...
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There Are Plenty of Offsets for Infrastructure Package
Read moreA bipartisan group of senators has apparently reached agreement on a plan with $579 billion of new infrastructure spending. Meanwhile, President Joe...
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President's Budget Would Add More to Debt With Tax Cut Extensions
Read morePresident Joe Biden's Fiscal Year (FY) 2022 budget includes many significant changes that would add nearly $1.4 trillion to deficits through FY 2031...
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Congress Should Pass a Budget, Not Deem Huge Spending Increases
Read moreFor Immediate Release Recent press reports indicate that the House of Representatives may vote on a “deeming resolution” as soon as this week to set...
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How Much Would the President's Budget Extend Medicare Solvency?
Read moreThe Medicare Hospital Insurance (HI) trust fund is only five years from insolvency according to both the Congressional Budget Office (CBO) and the...
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CBO Reports $2.1 Trillion Deficit for First Eight Months of FY 2021
Read moreFor Immediate Release The United States borrowed nearly $2.1 trillion in the first eight months of fiscal year 2021, according to the latest Monthly...
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Maya MacGuineas: Biden's Budget Reflects His Priorities, but Leaves Debt Unchecked
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...