Budget Process
Latest
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The Debt Ceiling and Fiscal Reforms
With federal debt subject to the limit currently at $31.38 trillion, the federal government has officially run up against its debt ceiling. In January...
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Prevent Government Shutdowns Act of 2023 Introduced in the Senate
Last week, Senators James Lankford (R-OK), Maggie Hassan (D-NH), and a bipartisan group of nine additional senators reintroduced the Prevent...
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President Biden Skips Budget Deadline for Third Year Straight
Press reports indicate that President Biden’s Fiscal Year 2024 budget will be submitted this March, well after the statutory deadline of the first...
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Q&A: Everything You Should Know About the Debt Ceiling
This paper has been updated here. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to...
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Alice Rivlin’s "Divided We Fall" Offers Way Forward for the Country
We at the Committee for a Responsible Federal Budget continue to mourn the loss of Alice Rivlin, a former board member of the Committee and the...
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House Rules Package Would Make It Too Easy to Add More to the Debt
The House of Representatives is expected to vote sometime soon on a new rules package for the 118 th Congress, which includes a number of changes to...
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Spending is Too High, But At Least Congress Avoids Debt-Fueled Christmas Tree Bill
Lawmakers unveiled an omnibus appropriations bill for Fiscal Year 2023 today. The bill would set discretionary spending at around $1.65 trillion...
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Q&A: Everything You Should Know About Government Shutdowns
This paper has been updated here. The new fiscal year (FY) began on October 1, 2022, and Congress has so far enacted none of the 12 appropriations...
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Congress Should Avoid Budget-Busting Omnibus
Congressional negotiators are apparently discussing a Fiscal Year 2023 omnibus appropriations bill of $1.65 trillion or higher, which would represent...
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Q&A: Everything You Should Know About the Debt Ceiling
This paper has been updated. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last...
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Rules Reform – Ideas for the 118th Congress
At the beginning of each new session of Congress, the House of Representatives must agree on a new set of rules governing how business will be...
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Congress Avoids a Shutdown, But End-of-Year Package Could Be Costly
Lawmakers passed a continuing resolution (CR) today to sustain current funding levels and avoid a government shutdown in the final hours of the fiscal...