Budget Basics Archive

In order to balance our budget and reduce the amount of debt the government takes on each year, we must match the level of government revenues with the level of spending.
The U.S. spent $187 billion on interest payments alone in 2009.
The Peter G. Peterson Foundation presents a primer on the federal budget.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
Once we have a plan in place that reduces spending and increases revenues, a strong annual budget process for the government would help us stay on track.
Learn about steps you can take to help cure our fiscal ills.
What is a balanced budget amendment to the Constitution, and how would it work in practice?
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
A Congressional Budget Resolution is a “blueprint” that guides fiscal decision-making in the Congress.
Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.

Ten Year Report

A decade of work addressing America's fiscal challenges to secure a healthy, growing economy.

FISCAL ISSUES ILLUSTRATED

This series of infographics helps put some of today's most pressing fiscal debates in context.