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New CBO Report Reveals Bleak Budget Outlook
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Blog

New CBO Report Reveals Bleak Budget Outlook

On Tuesday, the Congressional Budget Office released a new report revising its economic projections for the next ten years.

02/07/2013
Higher Deficits Announced
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Blog

Higher Deficits Announced

Today the White House raised its budget deficit forecast for this fiscal year ending Sept. 30 by $89 billion and forecasts an additional $87 billion deficit in 2010 over previous estimates.  The new 2009 deficit number weighs in at $1.84 trillion--the largest in American history.  The deficit alone amounts to about 12.9 percent of our economic output this year.

05/11/2009