Budget Process and Rules
Latest
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CRFB Reacts to Proposed Fiscal Commission
Today, Bipartisan Fiscal Forum Co-Chairs Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA) proposed bipartisan legislation to establish a...
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It's Time for A Bipartisan Fiscal Commission
The national debt is on an unsustainable path, interest costs are exploding, and the Social Security and Medicare trust funds are approaching...
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Maya MacGuineas: Finally, a Serious Idea to Address the National Debt
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Donald Trump's Proposal to Use Impoundment Authority
In a video published to his campaign website on June 20, 2023, former President Donald Trump declared he would use “impoundment” authority to reduce...
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Reintroduction of the Fiscal State of the Nation Resolution
Representatives Andy Barr (R-KY) and Scott Peters (D-CA) reintroduced the Fiscal State of the Nation resolution in the House in conjunction with...
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It’s Time for a New Fiscal Commission
Yesterday, Speaker McCarthy suggested the idea of a bipartisan fiscal commission to explore long-term budgetary issues. The following is a statement...
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CRFB Reacts to Budget Agreement
Speaker McCarthy announced this evening that he and the President have reached an agreement in principle on a bipartisan plan to reduce deficits and...
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Congress On Track to Miss Budget Deadline for 20th Year in a Row
The statutory deadline for Congress to complete action on a concurrent budget resolution for Fiscal Year (FY) 2024 is April 15. The budget process...
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Lawmakers Reintroduce Sustainable Budget Act
Lawmakers in both chambers of Congress recently reintroduced the Sustainable Budget Act, with Representatives Ed Case (D-HI) and Steve Womack (R-AR)...
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One Month Until Congressional Budgets Come Due
The deadline for the House and Senate Budget Committees to propose and reconcile their respective budgets for Fiscal Year (FY) 2024 – April 15 th – is...
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CBO Briefing Shines Light on Our Fiscal Challenges
Later today, Congressional Budget Office (CBO) Director Phillip Swagel will brief members of the House of Representatives on the Budget and Economic...
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What We Hope to See in the White House and Congressional Budgets
The White House will release President Biden’s Fiscal Year (FY) 2024 budget proposal on Thursday, and then the Budget Committees should meet their...