FISCAL BLOG

CBO estimates that the national debt would climb from 78% of gross domestic product (GDP) in 2018 to 87% of GDP by 2029 under the president's policies.

The amount spent by the federal government on interest is large and growing. Net interest will become the third largest "program" in the budget by 2025.

Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.

Overall healthcare costs — including all private and public spending — are anticipated to rise by an average of 5.5 percent per year over the next decade.

Growth over the next few years is expected to slow as the recent fiscal stimulus wanes.

Debt held by the public would reach record levels relative to the size of the economy within the next two decades, and possibly as soon as 2032.

Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.

The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.

A new report sheds light on budgets at the state level, grading performance and identifying best practices for improvement.

Despite a growing economy and low unemployment, federal budget deficits are projected to grow over the next 10 years.