Budgets & Projections

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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...

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...