Budget & Deficit Reduction

Yesterday, the non-partisan Congressional Budget Office (CBO) released the 2018 to 2028 Budget and Economic Outlook. According to the CBO report, the annual deficit will surpass $1 trillion by 2020, and the fiscal year 2018 budget deficit increased by 21 percent to $804 billion. Although the CBO predicts real GDP growth will reach 3.3 percent this year, GDP growth is predicted to drop sharply over the next 10 years to 1.7 percent.

Today, the co-chairs of the fiscally-responsible, Democratic Blue Dog Coalition—Reps. Jim Costa (D-CA), Henry Cuellar (D-TX), and Daniel Lipinski (D-IL)—released the following statement on President Trump's proposed budget:

Today, the co-chairs of the fiscally-responsible, Democratic Blue Dog Coalition—Reps. Jim Costa (D-CA), Henry Cuellar (D-TX), and Daniel Lipinski (D-IL)—released the following statement on the passage of the budget deal after the federal government temporarily shut down overnight. The deal allows for the federal government to remain open until March 23, 2018:

Today, the co-chairs of the fiscally-responsible, Democratic Blue Dog Coalition—Reps. Jim Costa (D-CA), Henry Cuellar (D-TX), and Daniel Lipinski (D-IL)—released the following statement on the fifth Continuing Resolution of FY 2018, which will fund the federal government until March 23, 2018:

Today, the co-chairs of the fiscally-responsible, Democratic Blue Dog Coalition—Reps. Jim Costa (D-CA), Henry Cuellar (D-TX), and Daniel Lipinski (D-IL)—released the following statement in reaction to President Trump's first State of the Union:

"Last night, President Trump called for both parties to come together on several key issues. We hope those calls for bipartisanship are indeed genuine, and we hope the President takes the opportunity to unify the country.

Today, the co-chairs of the fiscally-responsible, Democratic Blue Dog Coalition—Reps. Jim Costa (D-CA), Henry Cuellar (D-TX), and Daniel Lipinski (D-IL)—released the following statement on the proposed Continuing Resolution, which will fund the federal government until February 16, 2018:

Today, the co-chairs of the fiscally-responsible, Democratic Blue Dog Coalition—Reps. Jim Costa (D-CA), Henry Cuellar (D-TX), and Daniel Lipinski (D-IL)—released the following statement in response to the House passage of final Republican tax bill:

Yesterday, House Democratic Whip Steny Hoyer joined the Blue Dog Coalition for a press conference on the state of the U.S. national debt and the fact that Republicans are making it worse by attempting to jam through a tax bill that will add at least $1.5 trillion to the debt. Accounting for interest paid on the national debt, the real cost of the tax bill could be upwards of $2 trillion.

As of this week, the U.S. national debt is almost $20.5 trillion, and every American man, woman and child holds a share of about $62,780 of the debt.