Apr 30, 2018 | Budgets & Projections
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...
Blog | April 2018
Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
Apr 27, 2018 | Budgets & Projections
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...
Apr 26, 2018 | Budgets & Projections
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...
Apr 24, 2018 | Budgets & Projections
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...
Apr 23, 2018 | Budgets & Projections
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...
Is CBO "Always Wrong" Because It Doesn't Understand Growth?
In dismissing projected trillion-dollar deficits, National Economic Council director Larry Kudlow recently claimed that one should "never believe the...
Apr 20, 2018 | Budget Process
Goldwein and Moller: How Congress Cheats with Our Money — and How We Can Stop It
Marc Goldwein is senior vice president and senior policy director and Zach Moller is a senior policy analyst at the Committee for a Responsible...
Apr 19, 2018 | Budgets & Projections
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...
Apr 19, 2018 | Budgets & Projections
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...