FISCAL BLOG

The most recent projections from CBO confirm once again that America’s fiscal outlook is on an unsustainable path — increasingly driven by higher interest costs.

The Congressional Budget Office (CBO) updated its budget and economic projections, which now show that federal deficits are projected to be $2.1 trillion higher over the next decade than the agency projected just a few months ago.

One of the first questions at last night’s debate was about the national debt, and for good reason.

The national debt is expected to exceed its record high in just 3 years.

The CBO projects that extending the TCJA would increase deficits by $4.6 trillion over 10 years.

Interest rates on U.S. Treasury securities have a significant influence on federal borrowing costs.

Tax expenditures are costly for the federal government but they can be effective vehicles for lawmakers to achieve policy goals.

As a large portion of the American population lives well beyond retirement age, the total cost of providing healthcare will grow as well.

One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.

The lawmakers we choose this November will face critical fiscal and economic decisions in the near future.