Analysis of CBO’s Updated Budget and Economic Outlook (August 2019)
Today, the Congressional Budget Office (CBO) released its updated Budget and Economic Outlook, showing that the national debt is on an unsustainable...
CBO/JCT
New CBO Budget Projections Show Toll of Budget-Busting Legislation
The Congressional Budget Office (CBO) just released its latest baseline, projecting high and rising debt made worse by recent legislation. CBO...
CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why
In its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of...
New Pension Bill Adds Too Much to the Debt
The House Ways and Means Committee is considering pension reform legislation that CBO estimates will add $64 billion to deficits over the...
Saving Social Security and Medicare Could Help Fix the Debt
The Congressional Budget Office's (CBO) Long-Term Budget Outlook shows debt rising continuously as a share of the economy over the next 30 years and...
CBO: Fixing the Debt Would Increase Income
Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
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...
CBO Releases Its Own Estimate of the President's FY 2020 Budget
The Congressional Budget Office (CBO) has released its estimate of the President's FY 2020 budget. CBO finds that debt in the budget would be on an...
CBO Report Shows Debt Headed Toward Uncharted Waters
For Immediate Release
The Congressional Budget Office (CBO) released updates to its budget projections this afternoon.
Under current law, CBO...
Debt Would Rise, Not Fall, Under the President’s Budget
The President’s budget estimates it would reduce debt to 71 percent of Gross Domestic Product (GDP) and deficits to $202 billion (0.6 ...