Budgets & Projections

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CBO Updates Budget Projections Before Coronavirus Impact

Today, the Congressional Budget Office (CBO) released its updated budget projections, showing the national debt is on an unsustainable path. Under...

New CBO Baseline Reaffirms Challenge of Coronavirus Response

For Immediate Release The Congressional Budget Office (CBO) today released its updated budget projections. Although the new baseline doesn’t...

How Much Would Sending People Checks Cost?

Experts and lawmakers are considering numerous options to help support the economy during the COVID-19 crisis. Last week, we estimated that fiscal...

Monthly Deficit Hits New Record

For Immediate Release The United States ran a record-high budget deficit in February 2020. According to the Monthly Treasury Statement released...

Budget Offsets Bank

The federal debt is at a post-war record high, deficits are set to exceed the trillion-dollar mark this year, and new initiatives are being proposed...

Budget Resolution Principles for Fiscal Year 2021

The Congressional budget resolution should establish national priorities in a responsible manner. Congress should follow these principles to craft a...

Thoughtful Deficit Reduction in the President’s Budget

While much of the decline in debt as a share of GDP in the President’s Fiscal Year (FY) 2021 budget comes from rosy economic growth assumptions and...

Debt Will Likely Rise, Not Fall, Under the President's Budget

According to the Office of Management and Budget (OMB), the President’s Fiscal Year (FY) 2021 budget would reduce debt from 80 percent of Gross...

Spending Has Increased $800 Billion Under President Trump

President Trump's Fiscal Year (FY) 2021 budget calls for about $3.2 trillion in net deficit reduction over the next decade by our estimate, including...