FY 2019 Budget
Latest
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Paul & Sanford Introduce Penny Plans
Senator Rand Paul (R-KY) and Representative Mark Sanford (R-SC) have introduced “penny plans” that would balance the budget within a decade through a...
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Mandatory Spending Makes Up the Bulk of Spending Growth
Over four-fifths of the growth in nominal spending over the next decade is driven by Social Security, federal health programs, and interest on the...
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Rescissions, How Do They Work?
Recent press reports have indicated that the Trump Administration is looking to use a process known as rescission to cut spending from the recent...
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Chartbook: America's Budget Outlook
Below is a chartbook on America's deteriorating budget outlook. Update (5/15/18): We clarified the footnote on slide 9 to more clearly reference CBO's...
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Republican Study Committee Releases FY 2019 Budget
While the House and Senate Budget Committees have yet to release a budget for FY 2019, the Republican Study Committee (RSC) has released its own...
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More Than Half of Next Year's Deficit is Congress's Fault
The budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...
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Letter to Members of Congress on Statutory Budget Deadline
The statutory deadline for a budget is April 15 and no budget is in sight. Instead, members of the House of Representatives are voting on a balanced...
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Debt Could Be 20 Percent of GDP Higher than President's Budget Claims
The Congressional Budget Office (CBO) typically publishes its own estimate of the President's budget about a month after the budget's initial release...
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An Overview of the President's FY 2019 Budget
Moments ago, President Trump released his Fiscal Year (FY) 2019 budget proposals, outlining his tax and spending proposals for the next decade. We...
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Analysis of the President's FY 2019 Budget
The Trump Administration released its Fiscal Year (FY) 2019 budget proposal today. The budget proposes a number of tax and spending changes that it...
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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...
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Q&A: Everything You Should Know About Government Shutdowns
This paper has been updated here. As we’ve learned to expect, Congress seems to be waiting until the last minute to address several important fiscal...