Latest
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An Overview of the President's FY 2027 Budget
Read moreThe Trump Administration released its Fiscal Year (FY) 2027 budget request today. While the President’s budget typically presents a comprehensive plan...
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CRFB Statement on President’s FY 2027 Budget
Read morePresident Trump released his Fiscal Year (FY) 2027 budget request today. The President’s budget is intended to outline the Administration’s priorities...
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Potential Steel and Aluminum Tariff Changes Would Raise $70 Billion
Read moreNote: (04/02/2026) The Administration's proclamation issued today adjusting tariffs on the imports of steel, aluminum, and copper differs from...
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CRFB Urges the Broad Use of the 3% Target in Budgets
Read moreA number of federal budget proposals should soon be released for the upcoming fiscal year and decade, including the President’s budget, the House and...
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Weak Auctions Underscore Risks of our Growing Debt Burden
Read moreAuctions for the 2-year, 5-year, and 7-year Treasury notes went poorly last week and Treasury yields spiked, raising concerns about investor demand...
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A $1.5 Trillion Defense Budget Could Mean Nearly $7 Trillion in Higher Debt
Read morePresident Trump is expected to release his Fiscal Year (FY) 2027 budget later this week, which may include a proposal to increase the defense budget...
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Appropriations Watch: FY 2026
Read moreUpdated 3/30/26: On March 27, the Senate passed a Homeland Security funding bill by voice vote. The legislation would provide funding for most of...
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Senators Introduce Fiscal Commission Act
Read moreNote - Parts of this blog are an update to our previous blog on the House version of the Fiscal Commission Act. Senators John Curtis (R-UT) and Angus...
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Maya MacGuineas's House Budget Testimony on the 3% Fiscal Target
Read moreOn March 26, 2026, Committee for a Responsible Federal Budget President Maya MacGuineas testified before the House Budget Committee on "The Best...
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Statement for the Record on Social Security: A Discussion on the Facts and the Path Forward
Read moreThe Committee for a Responsible Federal Budget submitted a statement for the record pertaining to the Senate Budget Committee hearing on "Social...
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A Six Figure Limit for Social Security
Read moreSocial Security is less than seven years from insolvency, at which point the law calls for a 24% across-the-board benefit cut. Yet despite facing...
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A Sovereign Debt Fund Can’t Save Social Security
Read moreSocial Security is projected to be insolvent in less than seven years. Lawmakers need to make changes to the funding and benefit structure of this...