Today’s update from the CBO provides a sobering reality check on campaign calls for major spending increases or big tax cuts. The alarming budget outlook during a period of sustained economic growth and low unemployment reflects the continuing failure of…
In a follow-up to the new Congressional Budget Office (CBO) baseline projections, the CBO released a report last week analyzing the effect that select policy alternatives would have on budget deficits and federal debt. CBO also produced an “alternative scenario”…
The House and Senate have now passed a bipartisan budget deal. If signed by the president, as expected, the deal would lessen the chances of another government shutdown when the fiscal year ends on September 30th and suspend the debt…
New projections by the Congressional Budget Office (CBO) show that President Trump’s proposed Fiscal Year 2020 budget would increase the debt from 78.2 percent of the economy (GDP) to 87.4 percent of GDP over the next 10 years. The proposals…
