Budgets & Projections
Latest
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Senate Instructions Could Add $1.1T in Interest Costs
Read moreCongress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that adds a net $5.8 trillion to primary...
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CRFB Reaction to Budget Resolution Adoption
Read moreThe House of Representatives just voted to adopt the Senate-amended Fiscal Year (FY) 2025 concurrent budget resolution, making it a concurrent...
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Treasury Confirms Borrowing $41 Billion Above First 3 Months of 2024
Read moreThe United States borrowed $596 billion from January through March 2025 – up $41 billion from January through March 2024, according to the latest...
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12-Month Rolling Deficit is $2.1 Trillion in March 2025
Read moreThe federal government has borrowed $2.1 trillion over the past year – April 2024 to March 2025 – based on estimates from the Congressional Budget...
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CBO Estimates Deficit Up $44 billion, Spending Up $140 billion in 2025
Read moreThe Congressional Budget Office (CBO) estimates that the U.S. borrowed $599 billion from January through March 2025 – up $44 billion from January...
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Either Reconciliation Approach Would Raise Debt Ceiling With More Borrowing
Read moreThe reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year (FY) 2025 would allow for a $4 to $5 trillion debt...
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently appeared on Bloomberg TV's "Balance of Power" with hosts Joe Mathieu and Kailey Leinz to discuss the...
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The House Should Hold the Line on Deficit Reduction
Read moreThe House will reportedly bring the Senate’s Fiscal Year (FY) 2025 concurrent budget resolution to the floor for a vote this week. The budget includes...
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Unpaid-for TCJA Extension Would Shrink the Economy, CBO Says
Read moreIn a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act (TCJA) would not only...
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Senate Budget Could Enable Unprecedented Deficit Increase
Read moreThe Senate’s proposed concurrent Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $5.8 trillion to primary deficits through...
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Senate Instructions Would Push Fiscal Goals Further Out of Reach
Read moreThe Senate’s proposed concurrent budget resolution would allow lawmakers to add $5.8 trillion to deficits through 2034. We estimate that enacting...
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How Much Did President Biden Add to the Debt?
Read moreOver the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 trillion in new ten-year...