New CBO Budget Baseline Shows that Soaring Spending—Not Falling Revenues—Risks Drowning America in Debt

The Congressional Budget Office (CBO) has updated its 10-year budget baseline, and America’s fiscal outlook continues to worsen. The CBO projects $6.2 trillion in additional deficits over the next decade. This darkening budget forecast would have been even worse, were it not for the unrealistic assumptions that Congress requires the CBO to employ to make future budget deficits appear smaller.

Click here to read the full publication →