Budgets & Projections

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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...

CBO Sees Major Trust Fund Exhaustions On The Horizon

The Congressional Budget Office estimates that three major trust funds will deplete their reserves within the next ten years, with a fourth...

Interest Spending is on Course to Triple

According to CBO's latest projections, the rising cost of interest on the debt is a significant driver of growing deficits and debt. In this...

Debt Could be Twice the Size of the Economy by Mid-Century

The Congressional Budget Office's (CBO) recent ten-year budget projections show that debt is on course to exceed the size of the economy in just...

IMF: US is the Only Advanced Economy With Debt Rising

The International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...

What If Interest Rates Are 1 Point Higher? $1.9 Trillion in Extra Costs

Interest costs are the fastest growing part of the budget, with the Congressional Budget Office (CBO) projecting interest payments will more than...

More Than Half of Next Year's Deficit is Congress's Fault

The budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...

Maya MacGuineas: Welcome to the woeful world of free-lunch economics

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...

Balancing the Budget Would Take $7 Trillion to $10 Trillion in Savings

The worsening budget outlook means that meeting certain fiscal goals is now much more difficult than it was previously. We estimate that balancing...