Lawmakers rely on projections from federal agencies, such as the Social Security Administration, the Congressional Budget Office and the Joint Committee on Taxation to assess the current path of the federal budget and how alternative policies could affect that path.
Romina Boccia focuses on federal spending and the national debt as the Grover M. Hermann fellow in federal budgetary affairs in the Roe Institute for Economic Policy Studies at The Heritage Foundation.
May 14, 2015, 10:02 AM EDT
March 10, 2015, 5:17 PM EDT
You’ve probably heard the claim that deficits have been cut in half and are at the smallest level since 2009, implying that the nation has corrected its fiscal course.
January 23, 2015, 4:44 PM EST
President Obama talked at length about jobs, the minimum wage and salaries during his State of the Union speech. Here we look at some of his claims and whether they’re true or not.
December 10, 2014, 4:36 PM EST
At over 1,600 pages, Congress’s $1.1 trillion behemoth spending bill funding almost all government agencies through September 2015 has arrived.
October 14, 2014, 11:27 AM EDT
The United States is not necessarily doomed to a fate of chronic and growing deficits. Congress can rein in the biggest drivers of spending and debt growth and turn the tide on the U.S. budget.
October 9, 2014, 5:25 PM EDT
The Congressional Budget Office released Wednesday the figures for spending, revenues and the deficit in 2014. At $486 billion, the 2014 deficit is the smallest since the pre-stimulus and pre-bailout level of $498 (adjusted for inflation to 2013) in 2008.
September 10, 2014, 9:39 AM EDT
Congress has just returned from a 5-week recess to a lot of unfinished business—it has yet to send even one of the 12 spending bills due on Sept. 30 to the president’s desk.
August 27, 2014, 5:23 PM EDT
While many reports will focus on the Congressional Budget Office’s (CBO) 2014 deficit and economic forecast released today, a less-told story is what’s driving the growth in government spending over the next decade.
December 11, 2013, 1:39 PM EST
Here are three key facts about this sour budget deal.
October 17, 2013, 10:06 AM EDT
As pundits debate the political winners or losers of the debt deal, one thing is awfully clear: The American people are once again on the losing end.