Budgets & Projections
Latest
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How Lawmakers Have Added to Deficits This Year
Read moreThe beginning of the 114th Congress was marked by a great deal of rhetoric about fiscal responsibility and passage of a budget resolution promising a...
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Gap Widens Between Trustees and CBO on Social Security
Read moreAlthough the Social Security Trustees estimate the program's financial outlook has slightly improved relative to last year, the Congressional Budget...
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Social Security Costs Keep Increasing Over the Long Term
Read moreCBO's Long-Term Budget Outlook, released last month, included updated projections for Social Security and Medicare, including individuals' expected...
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Second Half of the Year Means Plenty of Fiscal Speed Bumps Ahead
Read moreAs we move past the midpoint of 2015, several fiscal deadlines are fast approaching. Congress is preparing to act on two important Fiscal Speed Bumps...
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Newest President's Budget Estimate Shows Stable Debt
Read moreThe Office of Management and Budget (OMB) today released the FY 2016 Mid-Session Review (MSR), which updates the President's budget for new data and...
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Senate Holds Hearing on Understanding America's Long-Term Fiscal Picture
Read moreCongressional Budget Office (CBO) Director Keith Hall testified Thursday before the Senate Homeland Security & Government Affairs Committee in a...
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IMF: Fiscal Reform Boosts Economic Growth
Read moreThe IMF has released new research showing that fiscal reforms enhance economic growth. These findings are broadly consistent with other analysis of...
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Sources of Spending Growth in the Long Term
Read moreOver the past few weeks, we have been posting in-depth analysis of the Congressional Budget Office’s (CBO) Long-Term Outlook. In its supplemental data...
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High Debt Drags Down the Economy
Read moreAccording to the Congressional Budget Office (CBO), rising debt levels could reduce projected annual income by between $2,000 and $6,000 per person by...
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CBO Forecasts Costs of Climate Change
Read moreThe Congressional Budget Office (CBO) has released new estimates of the cost of climate change, specifically as it relates to hurricanes. The report...
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How Uncertain Are CBO's Long-Term Projections?
Read moreAny budget projections, including CBO's long-term outlook, are inherently uncertain, and it is important to understand how projections might change...
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CBO's Outlook for Long-Term Health Care Spending
Read moreHealth care spending is arguably the most important part of CBO's long-term outlook, being a key driver of our nation's growing debt over the long...