The government will spend more on the costs of past borrowing than it spends on many of the programs the borrowing was ...

The CBO’s numbers show how far that ambition is from reality. The cost of paying the interest is now the central story, and it’s a grim one. Net interest outlays will rise from about $1 trillion this ...

America’s debt will be more than 100% of U.S. gross domestic product by later this year, the Congressional Budget Office ...

On February 18, 2026, Chris Towner, policy director of the Committee for a Responsible Federal Budget, gave a presentation on the February 2026 Congressional Budget Office (CBO) baseline.

Under that scenario, deficits would total 7.3% of GDP over the FY 2026 to 2036 period – including 8.1% of GDP in 2036 – and debt would rise to 131% of GDP by 2036. The alternative scenario does not ...

The Congressional Budget Office’s (CBO’s) recently issued report, The Budget and Economic Outlook: 2026 to 2036, offers a ...

Obscure charts show how California's spending exploded under Newsom, far outstripping its stagnant population growth, inflation and a hefty increase in revenues.

The Congressional Budget Office has released its annual report on the accuracy of its budget projections for fiscal 2025. It is a useful yearly reminder to policymakers that CBO forecasts are almost ...

San Rafael is considering tax renewals and new tax proposals as part of a strategy to boost city revenue and shrink a projected budget deficit. The city’s financial forecast shows a $3.5 million ...

As Columbus City Schools makes sweeping cuts to manage a budget deficit, the district's financial situation continues to worsen due to increasing expenses and new property tax relief laws. At the Feb.

A combination of higher deficits, higher interest rates, and lower growth has left the United States with a significantly worse fiscal outlook. Budget analysts often cite the fiscal gap as a metric to ...

The city’s new mayor, James Solomon, is blaming his predecessor, Steven Fulop, who just became the head of an influential business advocacy group in New York City. By Tracey Tully One of the most ...