CBO/JCT
Latest
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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...
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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...
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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...
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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...
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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...
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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...
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CBO Estimates $1.5 Trillion Deficit For First 11 Months of Fiscal Year
In 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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CBO Outlines Negative Implications of High & Rising National Debt
In its June 2023 Long-Term Budget Outlook, the Congressional Budget Office (CBO) dedicated an entire section to discussing the risks and threats of...
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CBO Estimates $1.4 Trillion Deficit For First 9 Months of Fiscal Year
In the first nine months of fiscal year 2023, the United States borrowed $1.4 trillion, with a $225 billion deficit in June, according to the latest...
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Long-Term Projections Paint a Bleak Fiscal Picture
The Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 181 percent of GDP by 2053 under CBO’s...
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Maya MacGuineas on Bloomberg's "Balance of Power"
Committee president Maya MacGuineas recently joined Bloomberg's "Balance of Power" to discuss the latest Long-Term Budget Outlook from the...
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CBO Projections Highlight Need for Deficit Reduction
Today, the Congressional Budget Office (CBO) released its Updated Budget Outlook, which presents a new ten-year baseline that incorporates new...