Committee for a Responsible Federal Budget
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Press Releases

Jun 10, 2020 | Other Spending

Treasury Reports $399 Billion Deficit in May as COVID-19 Relief Continues

The United States budget deficit for the month of May totaled $399 billion, bringing the deficit thus far for fiscal year 2020 to $1.88 trillion,...
Jun 3, 2020 | Other Spending

Committee President Maya MacGuineas Testifies on Need for Improved Oversight, Accountability of COVID-19 Relief Funds

Committee for a Responsible Federal Budget president Maya MacGuineas will testify today, June 3, before a newly established committee of federal...
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Jun 1, 2020 | Budget Process

The Committee for a Responsible Federal Budget Hails Responsible Economic Leadership

A bipartisan group of 60 members of Congress – led by Reps. Scott Peters (D-CA) and Jodey Arrington (R-TX) – issued a letter today supporting...
May 5, 2020 | Budgets & Projections

Treasury Will Borrow $3 Trillion in Just Three Months

The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in borrowing, as the...
Apr 22, 2020 | Social Security

Trustees Detail Pre-COVID-19 Medicare, Social Security Insolvency Timeline

the Social Security trust funds in 15 years. After accounting for the sharp economic downturn caused by the pandemic, the trust funds are likely to...
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Apr 21, 2020 | Budgets & Projections

Debt Rises $1 Trillion Over One Month

The national debt has grown by more than $1 trillion over the past month, from $17.5 trillion on March 17th to $18.5 trillion on April 17th....
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Apr 20, 2020 | Other Spending

COVID Money Tracker Launches to Enhance Transparency

Congress has already approved more than $2 trillion in fiscal measures to deal with the unprecedented economic and public health crisis caused by the...
Apr 18, 2020

Statement on the Passing of Paul O'Neill

Former Treasury Secretary and Committee for a Responsible Federal Budget board member Paul O’Neill died Saturday at the age of 84. The following is a...
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Apr 15, 2020

Fiscal Fallout Contest Winners Announced

The Committee for a Responsible Federal Budget today confirmed the winners for its first ever Fiscal Fallout Contest. The competition launched in...
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Apr 10, 2020 | Taxes

Phase IV COVID Relief Shouldn’t Be Tax Cuts 2.0

In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three pieces of legislation...

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