CBO's 2019 Long-Term Budget Outlook
Today, the Congressional Budget Office (CBO) released its Long-Term Budget Outlook, again confirming the budget’s unsustainable long-term trajectory...
Budget Projections
The Republican Study Committee's FY 2020 Budget: Preserving American Freedom
The Republican Study Committee (RSC) has released its own budget proposal for Fiscal Year (FY) 2020, calling for $10.7 trillion in deficit reduction...
CBO's Updated Baseline Shows Grim Outlook
Today, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and...
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...
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...
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...
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...