Budgets & Projections

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After the 2020 Election, Fiscal Challenges Await

The winner of the 2020 presidential election will begin his or her term facing a daunting fiscal situation. High deficits and debt, depleting trust...

Tim Penny & David Minge: Debating 2020 Democrats should not ignore our exploding debt

Tim Penny is co-chair and David Minge is a board member of the Committee for a Responsible Federal Budget. Both are former representatives from the...

Debt Could Reach Record Levels by 2030

The Congressional Budget Office's (CBO) latest budget projections point to high and rising debt under current law, but the situation is far worse if...

New House Members Stress Importance of PAYGO

A group of ten new Democratic members of the House of Representatives sent a letter to House committee chairs on Wednesday urging them to better...

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...

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...

Budget Deal Made Bad Situation Worse

For Immediate Release The Congressional Budget Office released a new update Wednesday to its Budget and Economic Outlook: 2019 to 2029, ...

Where Does the Budget Stand Compared to Historical Averages?

Recently, there has been a lot of discussion over whether the country has a revenue problem or a spending problem. While there is no way to...

Even With Lower Interest Rates, Debt Remains Unsustainable

With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain...