Budgets & Projections
Latest
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A True Pivot in Budgeting
Read moreMoments ago, the House passed the Inflation Reduction Act, which would reduce the deficit substantially this decade and beyond. The bill passed the... -
Senate Takes First Step Toward Fixing Our Debt
Read moreMoments ago, the Senate passed the Inflation Reduction Act. The following is a statement from Maya MacGuineas, president of the Committee for a... -
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... -
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... -
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 Although CBO’s extended baseline is based on outdated... -
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... -
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... -
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... -
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... -
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... -
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... -
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...