CRS Talks About Need for Fiscal Sustainability and Plans to Achieve It
The Congressional Research Service's Jane Gravelle recently put out a paper on plans to address long-term deficits and debt. The piece both goes...
Budget Projections
Discussing the Uncertainty of Long-Term Budget Projections
An old saying goes, "Nothing is certain but death and taxes." But in budget projections, neither of those things -- mortality rates nor...
Why the 40-Year Average is a Poor Benchmark
In response to Howard Gleckman's piece on the FY 2014 deficit where he noted that the budget had returned to "normal," Donald Marron...
Falling Deficit is Not a Sign of Fiscal Sustainability
With the Congressional Budget Office's (CBO) year-end Monthly Budget Review having been released, we published a report today showing what the 2014...
What Happened to Interest Rates?
One of the biggest stories in CBO's August budget update was the huge downward revision to expected spending on interest to service the debt,...
CFR: U.S. Falling Behind Other Advanced Countries on Debt
The Council on Foreign Relations has released a new report and scorecard comparing the United States federal debt situation to other G-7 countries (...
Separating "Current Law" from A "Do Nothing" Baseline
CBO’s baseline budget projections are often referred to as “current law” since they generally assume Congress continues the laws as...
The $1.8 Trillion Drop in Revenue Projections
With the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it...
How Alternative Policies Could Affect the Budget
CBO's latest budget projections, while a slight improvement, are not good news for the country's fiscal future. Debt is higher than at any...
Aug 27, 2014 | Blog Paper Press Release
CRFB Analyzes CBO’s Updated Budget and Economic Forecast
Moments ago, CRFB published a new 6-page paper summarizing CBO’s latest Budget and Economic Outlook. Under its current law baseline, CBO...