CBO/JCT
Latest
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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...
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CBO Estimates $1.1 Trillion Deficit For First 6 Months Of Fiscal Year 2023
In the first six months of fiscal year 2023, the United States borrowed $1.1 trillion, with a $376 billion deficit in February, according to the...
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CBO Briefing Shines Light on Our Fiscal Challenges
Later today, Congressional Budget Office (CBO) Director Phillip Swagel will brief members of the House of Representatives on the Budget and Economic...
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Debt On Track to Exceed Records in Just 5 Years
The Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will surpass its record...
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CBO's Budget Options to Improve Trust Fund Solvency
The Congressional Budget Office (CBO) recently published its latest Options for Reducing the Deficit reports, outlining 76 policy options across two...
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Event Recap: Health Solutions Summit
On December 15, the Committee for a Responsible Federal Budget hosted our Health Solutions Summit: Options for the Next Congress. With the cost of...
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Rules Reform – Ideas for the 118th Congress
At the beginning of each new session of Congress, the House of Representatives must agree on a new set of rules governing how business will be...
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CBO Reports $217 Billion Deficit for August
The United States borrowed over $944 billion in the first 11 months of fiscal year 2022, including $217 billion in August, according to the latest ...
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CBO’s Long-Term Budget Outlook Forecasts Debt In Uncharted Territory
The Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 185 percent of GDP by 2052 under CBO’s...
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CBO Baseline Shows Troubling Long-Term Outlook
The 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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CBO Reports $63 Billion Deficit for May
The 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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CBO Updates Major Trust Fund Baselines
The Congressional Budget Office (CBO) updated its projections last week on the financial status of the major trust funds for Medicare Hospital...