Budgets & Projections

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It Would Be Unprecedented to Not Even Consider a Budget

For Immediate Release Over a month after the statutory deadline to complete a budget, neither the House nor Senate Budget Committees have even...

Congress Has Never Failed to Propose a Budget

There has never been a year where at least one of the two congressional Budget Committees have not proposed a budget. Since the modern budget...

Paul & Sanford Introduce Penny Plans

Senator Rand Paul (R-KY) and Representative Mark Sanford (R-SC) have introduced “penny plans” that would balance the budget within a decade through a...

It Would Take Nearly Unprecedented Economic Growth to Balance the Budget

Increased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation....

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...

Chartbook: America's Budget Outlook

Below is a chartbook on America's deteriorating budget outlook.   Update (5/15/18): We clarified the footnote on slide 9 to more clearly...

A "Cheat Sheet" to Our Recent Work on Debt

Over the past month, we've been explaining different elements of CBO's recent budget outlook. Below is a summary of our recent work. Decade of...

Republican Study Committee Releases FY 2019 Budget

While the House and Senate Budget Committees have yet to release a budget for FY 2019, the Republican Study Committee (RSC) has released its own...

Budget Barometer: 6 Key Debt Numbers

A good way to judge the national debt is as a share of the overall economy (or GDP). Based on the latest figures from the Congressional Budget...