FY 2019 Budget

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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...
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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...
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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...

Rescissions, How Do They Work?

Recent press reports have indicated that the Trump Administration is looking to use a process known as rescission to cut spending from the recent...
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Chartbook: America's Budget Outlook

Below is a chartbook on America's deteriorating budget outlook.   Update (5/15/18): We clarified the footnote on slide 9 to more clearly...
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Republican Study Committee Releases FY 2019 Budget

While the House and Senate Budget Committees have yet to release a budget for FY 2019, the Republican Study Committee (RSC) has released its own...

More Than Half of Next Year's Deficit is Congress's Fault

The budget deficit will approach the trillion-dollar mark next year, according to recent projections from the Congressional Budget Office (CBO). Well...

Letter to Members of Congress on Statutory Budget Deadline

The statutory deadline for a budget is April 15 and no budget is in sight. Instead, members of the House of Representatives are voting on a balanced...
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Debt Could Be 20 Percent of GDP Higher than President's Budget Claims

The Congressional Budget Office (CBO) typically publishes its own estimate of the President's budget about a month after the budget's initial release...
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Analysis of the President's FY 2019 Budget

The Trump Administration released its Fiscal Year (FY) 2019 budget proposal today. The budget proposes a number of tax and spending changes that it...

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