Budget Process
Latest
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Debt Ceiling Q&A
Read moreThe debt ceiling currently stands at $41.1 trillion, having been lifted to that level by the One Big Beautiful Bill Act (OBBBA) signed into law on...
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Upcoming Congressional Fiscal Policy Deadlines
Read moreUpdated 5/4/26: On April 30, the House passed a Department of Homeland Security (DHS) funding bill, ending a partial shutdown that began on February...
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What’s in the Senate FY 2026 Budget Resolution?
Read moreThe Senate adopted its Fiscal Year (FY) 2026 budget resolution last night, kicking off the reconciliation process. Unfortunately, the budget is about...
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House Budget Committee Examines 3% Deficit-to-GDP Target
Read moreOn March 26, 2026, the House Budget Committee held a hearing titled “The Best Metric to Reverse the Curse: A 3% Deficit-to-GDP Path to Fiscal...
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Senators Introduce Fiscal Commission Act
Read moreSenators John Curtis (R-UT) and Angus King (I-ME), joined by Senators Chris Coons (D-DE), Thom Tillis (R-NC), Todd Young (R-IN), Jeanne Shaheen (D-NH)...
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FY 2027 Budget Resolution Principles
Read moreA fiscally responsible budget resolution should abide by the following principles: Set a meaningful fiscal goal with a plan to meet that goal Develop...
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CRFB Statement on Overdue President’s FY 2027 Budget
Read moreUnder the law, the President is required to submit his budget for the upcoming fiscal year today, on the first Monday in February. However, there are...
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Congress Could End Government Shutdown Drama Once and For All
Read moreGovernment funding will expire on January 30, 2026, at which point agencies funded under six of the 12 appropriations bills currently operating under...
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Bill Frist and G. William Hoagland: Reforming the reconciliation process
Read moreG. William Hoagland is Senior Vice President at the Bipartisan Policy Center and a director at the Committee for a Responsible Federal Budget. He...
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Government Shutdowns Q&A: Everything You Should Know
Read moreFiscal Year (FY) 2026 began with the longest government shutdown in modern history, lasting from October 1, 2025 through November 12, 2025. On...
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It’s (Still) Time for a Bipartisan Fiscal Commission
Read moreThe U.S. fiscal outlook is currently unsustainable. A new fiscal commission can help policymakers work on a bipartisan basis to identify the necessary...
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Lawmakers Call for a Bipartisan Fiscal Commission
Read moreThe Problem Solvers Caucus (PSC) announced its Fiscal Stability Framework last week, which sounds the alarm about the national debt, endorses two...