Budgets & Projections
Latest
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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... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
Budget Barometer: 6 Key Debt Numbers
Read moreA good way to judge the national debt is as a share of the overall economy (or GDP). Based on the latest figures from the Congressional Budget Office... -
CBO Sees Major Trust Fund Exhaustions On The Horizon
Read moreThe Congressional Budget Office estimates that three major trust funds will deplete their reserves within the next ten years, with a fourth exhausting... -
Interest Spending is on Course to Triple
Read moreAccording to CBO's latest projections, the rising cost of interest on the debt is a significant driver of growing deficits and debt. In this piece, we... -
Debt Could be Twice the Size of the Economy by Mid-Century
Read moreThe Congressional Budget Office's (CBO) recent ten-year budget projections show that debt is on course to exceed the size of the economy in just over...