Budgets & Projections

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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...

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...