Budgets & Projections

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Gene Steuerle: Why Government Budget Estimates Are Often Wrong

Dr. Eugene (Gene) Steuerle is the Richard B. Fisher chair and Institute Fellow at the Urban Institute and a member of the Committee for a Responsible...

CBO Economic Forecasts Are Similar to the Consensus, Unlike OMB

The Congressional Budget Office's (CBO) analysis of the President's Fiscal Year (FY) 2019 budget found that the President's policies would still...

CBO’s Analysis of the President’s FY 2019 Budget

The Congressional Budget Office (CBO) released its estimate of the President’s Fiscal Year (FY) 2019 budget using its own assumptions to evaluate the...

CBO Releases Estimate of the President's Budget

The Congressional Budget Office (CBO) released its estimate of the President's 2019 budget today. The estimates show debt would continue to rise...

It Would Be Unprecedented to Not Even Consider a Budget

For Immediate Release Over a month after the statutory deadline to complete a budget, neither the House nor Senate Budget Committees have even...

Congress Has Never Failed to Propose a Budget

There has never been a year where at least one of the two congressional Budget Committees have not proposed a budget. Since the modern budget...

Paul & Sanford Introduce Penny Plans

Senator Rand Paul (R-KY) and Representative Mark Sanford (R-SC) have introduced “penny plans” that would balance the budget within a decade through a...

It Would Take Nearly Unprecedented Economic Growth to Balance the Budget

Increased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation....

Mandatory Spending Makes Up the Bulk of Spending Growth

Over four-fifths of the growth in nominal spending over the next decade is driven by Social Security, federal health programs, and interest on the...