Budgets & Projections
Latest
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Leon Panetta and Bill Gradison Jr.: Bipartisanship Is Key to Fiscal Responsibility
Leon Panetta and Bill Gradison Jr. are former Members of Congress and a Co-Chair and a Director, respectively, of the Committee for a Responsible...
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Senate HELP Committee Proposes $355 Billion in Offsets
Yesterday, the Senate Health, Education, Labor, and Pensions (HELP) Committee released its part of the Senate reconciliation package, which we...
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Maya MacGuineas: National debt is a crisis. Congress must take it seriously
Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the Dallas Morning News , an...
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12-Month Rolling Deficit is $2.0 Trillion in May 2025
The federal government borrowed $2.0 trillion over the past year – June 2024 to May 2025 – based on estimates from the Congressional Budget Office...
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Maya MacGuineas on When Debt Becomes a Problem
Committee President Maya MacGuineas recently took part in a explainer video by the Wall Street Journal, "When Does US Debt Become Genuinely Bad?"...
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Income Growth Would Slow Due to Rising Debt
A new report from the Congressional Budget Office (CBO) finds rising debt will slow economic growth and result in lower incomes than they would be...
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Marc Goldwein on CBS Evening News Plus
The Committee's Senior Vice President and Senior Policy Director, Marc Goldwein, recently appeared on CBS Evening News Plus to discuss the recent...
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Tariffs Won’t Cover OBBBA’s Costs
Yesterday, the Congressional Budget Office (CBO) estimated that recent tariff policies would reduce deficits by $2.5 to $3 trillion through 2035...
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CBO Estimates $3 Trillion of Debt from House-Passed OBBBA
The Congressional Budget Office (CBO) released an updated cost estimate for the House-passed One Big Beautiful Bill Act (OBBBA) today, projecting that...
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Rescissions Package a First Step to Trimming Spending
The White House Office of Management and Budget sent a letter to Congress today requesting a rescission of discretionary funding totaling $9.4 billion...
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House Reconciliation Bill Barely Slows Spending Growth
Although the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, the House-passed One Big...
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What Would It Take to Reach “Big, Beautiful, Balance”?
If policymakers enact the House-passed reconciliation bill, they will need to find at least $17 trillion in savings to balance the budget. President...