Budget Projections

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GAO: "Federal Government Is on an Unsustainable Fiscal Path"

The Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...

The White House Projects the Debt Will Fix Itself

The Trump Administration has touted its recent FY 2020 President’s Budget as balancing the budget in just 15 years. However, additional budget...

Annual Deficits Could Hit $2.3 Trillion

Deficits are rising quickly under current law, as the Congressional Budget Office's (CBO) recent budget outlook demonstrates. Under current law, CBO...
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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...
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CBO Shows That Policymakers Could Make the Long-Term Outlook Much Worse

The Congressional Budget Office (CBO) today released a look at various long-term budget scenarios. Most notably, the report shows how much more bleak...
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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...

CBO Sees Major Trust Fund Exhaustions On The Horizon

The Congressional Budget Office estimates that three major trust funds will deplete their reserves within the next ten years, with a fourth...
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What If Interest Rates Are 1 Point Higher? $1.9 Trillion in Extra Costs

Interest costs are the fastest growing part of the budget, with the Congressional Budget Office (CBO) projecting interest payments will more than...
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Analysis of CBO’s April 2018 Budget and Economic Outlook

The Congressional Budget Office (CBO) released its ten-year budget and economic outlook today, showing that recent legislation has made an already...

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