Budgets & Projections
Latest
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Deficit Totaled $2.0 Trillion in Calendar Year 2024
Read moreThe federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the Fiscal Year 2024 deficit and...
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CBO’s “Other Mandatory” Savings Options
Read moreThe Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy options to reduce the deficit. Most...
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Chris Towner: It’s Time To Get Serious About The Federal Budget Deficit
Read moreChris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal...
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Top 13 Fiscal Charts of 2024
Read moreIt was a busy year for fiscal policy in 2024, with a big focus on the presidential election. In addition to releasing a few major papers, we also...
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John Kasich: It’s finally time to tackle the national debt
Read moreJohn Kasich is a former governor of Ohio, former congressman representing the state, and director at the Committee for a Responsible Federal Budget...
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Lawmakers Add $380 Billion to the Debt in the Final Hours of 2024
Read moreWith the passage of the Social Security Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt...
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Budget Offsets Bank
Read moreWith the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and
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Options to Raise Tariff Revenue
Read moreNote: This analysis was updated on 01/07/2025 to better reflect recent estimates of tariff policies by the Congressional Budget Office. As...
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Statement on the Passing of John Spratt
Read moreCongressman John Spratt, a former longtime Representative from South Carolina and a member of the Committee for a Responsible Federal Budget, died...
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Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest...
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Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
Read moreHaving passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing...
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12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
Read moreFrom December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO)...