Debt & Deficits

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...
Concept_Debt_pennies

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...
Concept_DC_Capitol Building

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,...

Maya MacGuineas: The Rise of Free Lunch Economics & the Growth of Our National Debt

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 ...
Concept_Interest

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...
Concept_Business_Interview_Analysis

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...
Concept_Debt

CBO: Debt-to-GDP Will Double in Three Decades

CBO’s latest baseline projected that current law debt will rise rapidly from today’s post-war record-high levels over the next decade. Buried...

Analysis of CBO’s January 2019 Budget and Economic Outlook

The Congressional Budget Office (CBO) released its Budget and Economic Outlook today, projecting high and rising deficits and debt over the next...
Concept_DC_Capitol Building

CBO Budget Projections Show Bleak Outlook

The Congressional Budget Office (CBO) has released its 2019 budget and economic projections, and the budget outlook is very bleak. CBO's baseline...
concept_fiscal_new_year_confetti

Our Top Fiscal Charts of 2018

The year 2018 was a busy time for budget policy, which gave us plenty of opportunities for analysis via tables and graphs. We published over 250...

Pages