Federal Budget

Budget Plans Budget Outlook Budget Process

Report

Analysis of President Biden’s 2023 Budget

April 6, 2022 | CBPP

President Biden’s 2023 budget calls for a range of policies that would boost opportunity and reduce poverty, improve health and well-being, and advance widely shared prosperity.

Long-Term Budget Outlook Has Improved Substantially Since 2010 But Remains Challenging

October 10, 2019

Blog

Federal Interest Payments — the Cost of Debt — Are Low

January 15, 2021

Report

Program Spending Outside Social Security and Medicare Historically Low as a Percent of GDP and Projected to Fall Further

March 8, 2019

Report

2017 Tax Law Heightens Need for More Revenues

November 15, 2018 | Paul N. Van de Water

Report

Medicare Is Not “Bankrupt”

February 13, 2023 | Paul N. Van de Water

New on this Topic

Blog

Build Back Better Would Save About $2 Trillion in Second Decade

December 10, 2021

Report

Build Back Better Investments Are Fiscally Sustainable

November 11, 2021

Blog

Latest CBO Projections Show Federal Interest Payments to Remain Low for Several Years

February 24, 2021

Letter

Economic Think Tank Leaders Urge Policymakers to Pass Robust COVID Relief to Control the Virus, Address Hardship, Boost Economy

February 1, 2021

Report

Rising Federal Debt Should Not Shortchange Response to COVID-19 Crisis

September 9, 2020

Report

Putting the Size of the Needed COVID-19 Fiscal Response in Perspective

July 24, 2020

Policy Basics

Long-term deficits and debt will affect the nation’s ability to fund important investments in the future.

We analyze long-term deficit and debt trends to illustrate the challenges we face and highlight potential solutions. We also encourage policymakers to enact measures to strengthen today’s job market as well as measures to reduce longer-term deficits.

Deficits, Debt, and Interest

Non-Defense Discretionary Programs

View All Policy Basics

Build Back Better Would Save About $2 Trillion in Second Decade

The CBO estimates of BBB show that it would cost a modest $158 billion over the next ten years, with costs turning to savings by...

Build Back Better Investments Are Fiscally Sustainable

Policymakers have committed to offsetting the costs of the bill’s new investments and have proposed a series of sound measures to do...

Latest CBO Projections Show Federal Interest Payments to Remain Low for Several Years

Concerns about growing federal debt should not dissuade policymakers from enacting additional measures to respond to COVID-19 and the economic crisis it spurred, such as those President Biden...

Economic Think Tank Leaders Urge Policymakers to Pass Robust COVID Relief to Control the Virus, Address Hardship, Boost Economy

Speaker of the House Nancy Pelosi H-232, The Capitol Washington, DC 20515 Majority Leader Chuck Schumer S-221, The Capitol Washington, DC 20510 Minority Leader Kevin McCarthy H-204,...

Federal Budget

Analysis of President Biden’s 2023 Budget

Long-Term Budget Outlook Has Improved Substantially Since 2010 But Remains Challenging

Federal Interest Payments — the Cost of Debt — Are Low

Program Spending Outside Social Security and Medicare Historically Low as a Percent of GDP and Projected to Fall Further

2017 Tax Law Heightens Need for More Revenues

Medicare Is Not “Bankrupt”

New on this Topic

Build Back Better Would Save About $2 Trillion in Second Decade

Build Back Better Investments Are Fiscally Sustainable

Latest CBO Projections Show Federal Interest Payments to Remain Low for Several Years

Economic Think Tank Leaders Urge Policymakers to Pass Robust COVID Relief to Control the Virus, Address Hardship, Boost Economy

Rising Federal Debt Should Not Shortchange Response to COVID-19 Crisis

Putting the Size of the Needed COVID-19 Fiscal Response in Perspective

Policy Basics

Long-term deficits and debt will affect the nation’s ability to fund important investments in the future.

Deficits, Debt, and Interest

Non-Defense Discretionary Programs

Build Back Better Would Save About $2 Trillion in Second Decade

Build Back Better Investments Are Fiscally Sustainable

Latest CBO Projections Show Federal Interest Payments to Remain Low for Several Years

Economic Think Tank Leaders Urge Policymakers to Pass Robust COVID Relief to Control the Virus, Address Hardship, Boost Economy

Federal Interest Payments — the Cost of Debt — Are Low

Rising Federal Debt Should Not Shortchange Response to COVID-19 Crisis

Putting the Size of the Needed COVID-19 Fiscal Response in Perspective

Commentary: Deficit and Debt Shouldn’t Factor Into Coronavirus Recession Response

Long-Term Budget Outlook Has Improved Substantially Since 2010 But Remains Challenging

In a Recession, Put Deficit Concerns Aside