Budget Process
Latest
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Event Recap – 2025: The Fiscal Challenges Ahead
Read moreOn Tuesday, December 10, 2024, the Committee for a Responsible Federal Budget hosted more than 130 people at an in-person event, " 2025: The Fiscal...
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You Can’t Just Wish Away Deficit Effects by Assuming Something is Permanent
Read moreSome lawmakers are making the case that expiring tax cuts should be considered permanent in order to hide the $3.9 trillion increase in deficits that...
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Budget Reconciliation Should Be Used to Reduce the Debt, Not Add to It
Read moreCongress is preparing to use budget reconciliation to fast-track consideration of a number of new policies, including, according to press reports...
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Reconciliation 101
Read moreWhat is Reconciliation? How do Reconciliation Instructions Work? Can a Reconciliation Bill Add to the Deficit? What is the “Byrd Rule”? What are Other...
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Bipartisan Senate Group Introduces the RESILIENCE Act
Read moreSenators Joe Manchin (I-WV), Mitt Romney (R-UT), Mark Warner (D-VA), and Mike Braun (R-IN) recently introduced the Reassuring Economic Stability In...
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Tim Penny and Maya MacGuineas: What if they held an election and a budget process broke out?
Read moreTim Penny is co-chair of the Committee for a Responsible Federal Budget and a former representative from Minnesota and Maya MacGuineas is president of...
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House Lawmakers Reintroduce Debt Ceiling Reform Legislation
Read moreOn September 20, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, reintroduced the Responsible...
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Addressing the Statutory PAYGO Scorecard
Read moreThere is currently a massive $1.7 trillion balance on the statutory PAYGO scorecard for 2025. Under current law, this balance is slated to trigger a...
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Bipartisan Fiscal Forum Discusses Debt on House Floor
Read moreMembers of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger posed by our mounting...
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Mitch Daniels: ‘The Day the Dollar Died’ is coming. What’s the plan?
Read moreMitch Daniels is the president emeritus of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget...
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Keep Government Open Without More Debt
Read moreFiscal Year (FY) 2024 will end on September 30, 2024, and zero of the 12 appropriations bills to fund the government have been signed into law. The...
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Congress Should Strengthen Administrative PAYGO
Read moreThe Fiscal Responsibility Act (FRA) of 2023 re-established Administrative PAYGO (Pay-As-You-Go) – a rule requiring the executive branch to offset...