Budgets & Projections
Latest
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Interest Costs Could Explode from High Rates and More Debt
Interest 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
As 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"
Committee 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
The 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
Update (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
The 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
The 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
The 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
The 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
The 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
The 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
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and Samuel T. Sicard is president and CEO of First National Bank of...