Budgets & Projections
Latest
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CBO Estimates $1.5 Trillion Deficit For First 11 Months of Fiscal Year
Read moreIn the first eleven months of fiscal year 2023, the United States borrowed $1.5 trillion, with a $90 billion surplus in August due to the reversal of...
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Tax Cut Extensions Cost Over $3.3 Trillion
Read moreSome parts of the 2017 Tax Cuts and Jobs Act (TCJA) have recently expired or changed, and large portions of the TCJA will expire by the end of...
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Treasury Reports $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreThe United States borrowed $1.6 trillion in the first ten months of fiscal year 2023, including $221 billion in July, according to the latest Monthly...
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CBO Estimates $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreIn the first ten months of fiscal year 2023, the United States borrowed $1.6 trillion, with a $228 billion deficit in July, according to the latest...
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The Deficit Was $2.3 Trillion Over Past Year
Read moreThe federal budget deficit totaled $2.3 trillion over the past 12 months, up 65 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
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Rising Debt Could Reduce Income Growth by One-Third
Read moreA high and rising national debt poses a series of risks and threats, including slower income and wage growth. A new report from the Congressional...
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U.S. Downgrade Shows the Importance of Taking Our Fiscal Situation Seriously
Read moreFitch Ratings downgraded the U.S. credit rating from AAA to AA+ today, citing continued erosion of governance, fiscal deterioration, and growing...
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CBO's Alternative Long-Term Budget Projections
Read moreThough the Congressional Budget Office's (CBO) latest Long-Term Budget Outlook projects that federal debt held by the public will reach 181 percent of...
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg Television's "Balance of Power" with Annmarie Hordern and Joe Mathieu to discuss the...
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Restoring Trust Fund Solvency Would Reduce Long-Term Debt Growth
Read moreRestoring solvency to the major trust funds would reduce one-half to four-fifths of the projected debt-to-GDP growth over the next three decades. The...
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Bipartisan Fiscal Forum Launched
Read moreToday marked the launch of the Bipartisan Fiscal Forum, a group of lawmakers focused on drawing attention to and finding solutions for America’s...
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CRFB Applauds Launch of Bipartisan Fiscal Forum
Read moreThe Committee for a Responsible Federal Budget today applauded the launch of the Bipartisan Fiscal Forum (BFF), co-chaired by Reps. Scott Peters (D-CA...