Budgets & Projections
Latest
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Interest Costs Could Explode from High Rates and More Debt
Read moreInterest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing...
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Reconciliation Bill Sets up $4.8 Trillion Fiscal Cliff in 2028
Read moreAs written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trillion between 2025 and...
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Maya MacGuineas on CBS News' "America Decides"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined CBS News' "America Decides" with host Major Garrett to discuss...
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House Reconciliation Bill Would Massively Increase Near-Term Deficits
Read moreThe House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt including interest or $5.2...
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Adding Up the House Reconciliation Bill
Read moreUpdate (5/21/2025): CBO released a score of all titles but not a full cost estimate with interactions; our analysis of that score is here . The...
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A Tale of Two Committees
Read moreThe House Ways & Means and Energy & Commerce Committees will mark up their reconciliation proposals tomorrow. The Ways & Means draft includes...
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12-Month Rolling Deficit is $2.0 Trillion in April 2025
Read moreThe federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget Office (CBO). Due to...
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CBO Estimates Spending Up $166 billion in 2025
Read moreThe federal government spent $2.4 trillion from January through April 2025 – up $166 billion from January through April 2024, according to new...
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Reconciliation Could Increase Spending Under Senate Instructions
Read moreThe Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 trillion to primary...
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CRFB Statement on President Trump’s FY 2026 Discretionary Budget
Read moreThe Trump Administration released its “skinny budget” today, which details plans for discretionary spending for Fiscal Year (FY) 2026. The budget...
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House Education & Workforce Committee Proposes Thoughtful Higher Ed Reforms
Read moreThe House Education and Workforce Committee today released its part of the House reconciliation package, which would save over $330 billion through...
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Maya MacGuineas and Samuel T. Sicard: Situation Dire
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and Samuel T. Sicard is president and CEO of First National Bank of...