Budgets & Projections

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Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029

The 2017 tax cut and the 2018 spending bill loom large in the latest Congressional Budget Office (CBO) outlook; the two pieces of legislation as...

Q&A: Everything You Should Know About the Debt Ceiling

One issue that must be addressed soon is the federal debt ceiling, which will be reinstated on March 2, 2019 at around $22 trillion. At that point,...

Budget Resolution Principles for Fiscal Year 2020

The congressional budget resolution should establish the nation’s priorities, the approach to financing them, and a plan to ensure the nation is on a...

As Debt Rises, Interest Costs Could Top $1 Trillion

The fastest growing item in the budget over the next decade will be interest on the debt, according to the Congressional Budget Office (CBO). In...

These 3 Parts of the Budget Explain 87% of Spending Growth

The Congressional Budget Office's (CBO) latest baseline shows that deficits and debt are rising unsustainably, driven by the failure of revenue...

Maya MacGuineas: How to Keep the Government Running When Lawmakers Fail To Do Their Job

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...

The Two Factors That Explain the Improvement in the Budget Outlook

This year's Congressional Budget Office (CBO) budget outlook was a slight improvement over last April's, although it still shows a...

CBO: Debt-to-GDP Will Double in Three Decades

CBO’s latest baseline projected that current law debt will rise rapidly from today’s post-war record-high levels over the next decade. Buried...

Analysis of CBO’s January 2019 Budget and Economic Outlook

The Congressional Budget Office (CBO) released its Budget and Economic Outlook today, projecting high and rising deficits and debt over the next...