CBO/JCT
Latest
-
CBO Releases June 2024 Baseline Update
The Congressional Budget Office (CBO) today released new ten-year budget and economic projections – an update from its February baseline – again...
-
Record Interest Next Year, Record Debt Projected in Just 3 Years
The Congressional Budget Office (CBO) released its Update to the Budget and Economic Outlook today, projecting that the national debt will set a new...
-
CBO Estimates $1.2 Trillion Deficit for First Eight Months of Fiscal Year
The United States borrowed $1.2 trillion in the first eight months of fiscal year 2024, including $348 billion in May, according to the latest Monthly...
-
Income Growth Would Slow By One-Third Due to Rising Debt
A new report from the Congressional Budget Office (CBO) finds rising national debt will slow economic growth and reduce projected incomes. Compared to...
-
CBO Presents Grim Long-Term Fiscal Outlook
The Congressional Budget Office released its latest Long-Term Budget Outlook today, projecting the nation’s finances over the next 30 years. CBO...
-
Maya MacGuineas Discusses CBO Projections on C-SPAN
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to discuss new projections from the...
-
CBO Projects Debt to Exceed Record in 4 Years
The Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will eclipse its record...
-
CBO Estimates $383 Billion Deficit For First Two Months of Fiscal Year
The United States borrowed $383 billion in the first two months of fiscal year 2024, including $317 billion in November, according to the latest...
-
CBO Estimates $65 Billion Deficit For First Month of Fiscal Year
Since Fiscal Year (FY) 2024 began on October 1, the United States has already borrowed $65 billion, according to the latest Monthly Budget Review...
-
CBO: Israel Supplemental Costs $27 billion
The House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the...
-
IRS Rescission Would Worsen Deficits
Rescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years...
-
Deficit Tops $1.7 Trillion As Interest Rates Surge
The Congressional Budget Office (CBO) today released its final Monthly Budget Review of Fiscal Year (FY) 2023, finding that the budget deficit totaled...