Budgets & Projections
Latest
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Gene Steuerle: Why Government Budget Estimates Are Often Wrong
Read moreDr. Eugene (Gene) Steuerle is the Richard B. Fisher chair and Institute Fellow at the Urban Institute and a member of the Committee for a Responsible...
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CBO Economic Forecasts Are Similar to the Consensus, Unlike OMB
Read moreThe Congressional Budget Office's (CBO) analysis of the President's Fiscal Year (FY) 2019 budget found that the President's policies would still...
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CBO Releases Estimate of the President's Budget
Read moreThe Congressional Budget Office (CBO) released its estimate of the President's 2019 budget today. The estimates show debt would continue to rise under...
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CBO’s Analysis of the President’s FY 2019 Budget
Read moreThe Congressional Budget Office (CBO) released its estimate of the President’s Fiscal Year (FY) 2019 budget using its own assumptions to evaluate the...
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It Would Be Unprecedented to Not Even Consider a Budget
Read moreFor Immediate Release Over a month after the statutory deadline to complete a budget, neither the House nor Senate Budget Committees have even...
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Congress Has Never Failed to Propose a Budget
Read moreThere has never been a year where at least one of the two congressional Budget Committees have not proposed a budget. Since the modern budget process...
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Paul & Sanford Introduce Penny Plans
Read moreSenator Rand Paul (R-KY) and Representative Mark Sanford (R-SC) have introduced “penny plans” that would balance the budget within a decade through a...
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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget
Read moreIncreased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation. However...
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Mandatory Spending Makes Up the Bulk of Spending Growth
Read moreOver four-fifths of the growth in nominal spending over the next decade is driven by Social Security, federal health programs, and interest on the...
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A "Cheat Sheet" to Our Recent Work on Debt
Read moreOver the past month, we've been explaining different elements of CBO's recent budget outlook. Below is a summary of our recent work. Decade of Debt...
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Chartbook: America's Budget Outlook
Read moreBelow is a chartbook on America's deteriorating budget outlook. Update (5/15/18): We clarified the footnote on slide 9 to more clearly reference CBO's...
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Republican Study Committee Releases FY 2019 Budget
Read moreWhile the House and Senate Budget Committees have yet to release a budget for FY 2019, the Republican Study Committee (RSC) has released its own...