2022 Long-Term Federal Budget Outlook

According to the Congressional Budget Office (CBO), the U.S. faces a challenging fiscal outlook according to extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades. 

The report can be obtained at https://www.cbo.gov/system/files/2022-07/57971-LTBO.pdf.