Budgets & Projections
Latest
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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...
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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...
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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...
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CBO Baseline Shows Troubling Long-Term Outlook
Read moreThe Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
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92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
Read moreAccording to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...
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CBO Reports $63 Billion Deficit for May
Read moreThe United States borrowed $423 billion in the first eight months of fiscal year 2022, with a $63 billion deficit in May, according to the latest...
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Maya MacGuineas Joins C-SPAN to Discuss Deficits and the Economic Outlook
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently appeared on C-SPAN's Washington Journal. She discussed the latest Budget...
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Debt Could Reach 125% of GDP With Irresponsible Actions
Read moreThe Congressional Budget Office's (CBO) new budget projections find that debt will reach a record 110 percent of Gross Domestic Product (GDP) ($40.2...
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Analysis of CBO's May 2022 Budget and Economic Outlook
Read moreToday, the Congressional Budget Office (CBO) released its May 2022 Budget and Economic Outlook, its first baseline in almost a year. CBO’s new...
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CBO Projects Record Debt, After Short Reprieve
Read moreFor Immediate Release The Congressional Budget Office (CBO) released its Budget and Economic Outlook today. CBO projects high rates of inflation will...
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CBO Releases May 2022 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its May 2022 Budget and Economic Outlook, its first baseline since July 2021. Under CBO's new...
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Milken Institute Hosts Panel on the National Debt's Impact on the Economy
Read moreOn Tuesday, May 3, the Milken Institute hosted a panel discussion entitled “The Road Ahead: The Impact of the National Debt on America’s Economy” as...