If borrowing increases by as much as allowed under the reconciliation legislation, we estimate it would double the growth of debt as a share of Gross Domestic Product (GDP), with debt-to-GDP reaching ...

In developing a budget resolution, the Senate had considered adopting a “current policy baseline” to obscure nearly $4 trillion of borrowing over the next decade and to pave the way for up to $ ...

Press reports indicate that Senate leadership may release a proposed concurrent budget resolution for Fiscal Year (FY) 2025 as early as today with potentially $5.8 trillion in net allowable deficit ...

Recent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, ...

The reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of ...

It would take more than $7 trillion of ten-year savings to stabilize debt at the size of the economy by Fiscal Year (FY) 2034.

High and rising debt and deficits would have many negative consequences for the budget and the economy including slower income growth, higher interest rates and interest payments on the national debt, ...

As the House and Senate work toward agreement on a concurrent budget resolution, reports indicate a potential compromise in which lawmakers combine the House-passed reconciliation instructions with a ...

The Congressional Budget Office (CBO) just released its March 2025 Long-Term Budget and Economic Outlook, its first full thirty-year baseline and economic forecast since March 2024. CBO projects that ...

The Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook today, showing that under current law, debt will rise from 100 percent of Gross Domestic Product (GDP) at the end of ...