Economics Topics

The Congressional Budget Office offers two visions of the future in its new long-run budget outlook.

The first imagines a world in which lawmakers take pay-as-you-go budgeting really seriously. The budget baseline assumes that existing laws execute exactly as written: all the 2001 and 2003 tax cuts expire, the alternative ...

Yesterday, the Congressional Budget Office released its long-term projections of federal spending and tax revenues under different scenarios. As has been the case for many years now, CBO's projections show an unsustainable budgetary path for the next 75 years.

CBO charts two possible long-term paths, the extended-baseline scenario and the alternative ...

I haven’t had a chance to digest CBO’s long-term outlook yet (released earlier today), but luckily I did see Ezra Klein’s post on it, which featured two charts which highlight the ...

CBO sees debt estimates soar

Analysts say health law has not improved budget and Obama's tax agenda will make things worse.

Lori Montgomery

Today, the Congressional Budget Office released its long-term budget outlook. Again, the forecast going forward to 2035 and beyond was a grim reminder of the fiscal future that awaits the U.S., especially if Congress does what it has done for the past ten years: increase spending ...

Recently, the federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II. As a result of those deficits, the amount of federal debt held by the public has surged. At the end of 2008, that debt equaled 40 ...