Budgets & Projections

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What We’d Like to See in President Trump’s FY 2020 Budget

Reports suggest the Trump administration will release its FY 2020 budget in two parts, beginning next week. With debt at post-war record highs,...

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...

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...