FY 2018 Budget
Latest
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Are Defense and Disasters Causing the Deficit Increase?
When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of those...
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FY 2018 Deficit Was $779 Billion
For Immediate Release The Treasury Department today released a report showing the official fiscal year 2018 deficit was $779 billion, an increase of...
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Treasury: 2018 Deficit was $779 Billion
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...
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CBO Shows $782 Billion Deficit for FY 2018
Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
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Q&A: Everything You Should Know About Government Shutdowns
This paper has been updated here . The fiscal year began on September 30, has only passed 5 of 12 appropriations bills setting spending levels. If...
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No, Really, Tax Revenue Has Not Risen
Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...
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Does the Rescissions Bill Cut $15 Billion in Spending?
The President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others. The...
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What's in the President's Rescission Request?
Update: CBO released an estimate of the effect of the CHIP rescission on outlays and coverage. CBO estimates that the proposed rescission would not...
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The Omnibus Spent More than Either Side Asked For
The Bipartisan Budget Act of 2018 (BBA) increased this year's discretionary spending caps by a whopping $143 billion, paving the way for a 13 percent...
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Appropriations Watch: FY 2018
Congress has completed action on omnibus appropriations legislation. The House and Senate passed the omnibus bill, and President Trump signed the...
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Budget Deal Would Bust Original BCA Caps
The budget deal currently being considered by Congress would increase discretionary spending caps over the next two years by $165 billion for defense...
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CBO Finds Budget Deal Will Cost $320 Billion
The Congressional Budget Office has released a series of estimates for the budget deal announced yesterday. The deal would add $320 billion to...