Pandemic Fuels Record-Breaking Deficits — and Other Key Takeaways from the Latest CBO Report
New CBO baseline projections show that the nation will face daunting fiscal challenges over the next decade.
Read More83 Ways We Can Reduce the Deficit, According to CBO
It’s important for lawmakers to consider the many available policy options for improving that outlook.
Read More13 Charts That Show the Stunning Impact of 2020 on Our Fiscal and Economic Outlook
Our fiscal situation was already unsustainable, but COVID-19 certainly did not help.
Read MoreThis Year We Saw the Largest Budget Deficit Since 1945, Driven Largely by the Pandemic
In fiscal year 2020, the U.S. saw the largest budget deficit since 1945 at $3.1 trillion. Find out what contributed to these record-breaking stats.
Read MoreHow Are Safety Net Programs Helping the Response to the Coronavirus Pandemic?
Despite the increased federal deficit, the expansion of safety net programs has led to generally effective economic stimulus.
Read MoreCBO’s Budget Outlook Shows Pandemic’s Acceleration of U.S. Fiscal Challenges
The latest budget outlook released by CBO is the first to fully capture the budgetary impact of the pandemic.
Read MoreNew CBO Report: Pandemic Accelerates Existing Fiscal Challenges
Here are five key takeaways from CBO’s latest projections that show the path of federal revenues, spending, and debt through 2050.
Read MoreNational Debt Will Be the Size of the Economy by Next Year and Other Takeaways from the CBO Report
Here are five key takeaways from the first CBO analysis to fully account for the economic effects of the pandemic and the legislative response to it.
Read MoreCBO Report Highlights America’s Unsustainable — and Deteriorating — Fiscal Outlook
The latest report from the nonpartisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.
Read MoreFive Troubling Takeaways from the Latest CBO Report
The U.S. long-term fiscal outlook is notably worse than last year.
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